Currency Buzz: Rupee slips to fresh lifetime lows; Falls towards Rs 90.50/$ mark
The Indian rupee that slipped past Rs 90 per dollar mark early in December fell further to hit a fresh record low at the spot interbank market today. INR opened at Rs 89.95/$ and dropped to a record low of 90.48 so far during the day amid sustained foreign fund outflows. Weakness in dollar and positive local equities is seen supporting the local unit at lower levels. Indian shares drifted lower in cautious trade on Thursday. The benchmark BSE Sensex was down 170 points, or 0.2 percent, at 84,220 while the broader NSE Nifty index slipped 52 points, or 0.2 percent, to 25,705. Moreover, absence of any US-India trade deal even as we come to year end is also seen weighing on the counter.
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