The Indian rupee fell sharply on Wednesday, slipping past the crucial 90-per-dollar level for the first time ever.

A sharp slowdown in capital inflows coupled with reduced intervention by the Reserve Bank of India (RBI) has been a major source of pressure.

Rupee breaches 90 against the dollar, falling 6 paise amid global market shifts and continuing Foreign Institutional Investors' outflows.

The rupee hits an all-time low of 90.21 against the dollar amid foreign fund outflows and rising crude oil prices.

The Indian rupee fell sharply on Wednesday, slipping past the crucial 90-per-dollar level for the first time ever. The currency dropped to a new record low of 90.13 against the US dollar, breaking its previous all-time low of 89.9475 touched just a day earlier. 📰 INR vs USD: Rupee Crashes to Record Low Beyond 90 per Dollar for 1st Time Ever.

Chief Economic Adviser V Anantha Nageswaran on Wednesday said the government is not losing sleep over the declining rupee, which has breached the 90-level against the US dollar.

The fall came amid weak trade and portfolio flows, persistent importer demand, and uncertainty surrounding the India-US trade deal.

Mumbai: The rupee breached the 90-a-dollar level for the first time to settle at a fresh all-time low of 90.15 on Wednesday, down 19 paise from its

At the interbank foreign exchange, the rupee opened at 89.96 against the US dollar and fell to a record intraday low of 90.30 during the session before closing at a new all-time low of 90.21 (provisional), down 25 paise from its previous close

Get latest articles and stories on Business at LatestLY. The Indian rupee plunged to an all-time low against the US dollar on Wednesday, crossing the psychologically significant 90 mark amid foreign fund outflows. The development came amid firm crude oil prices and perceived uncertainty around the India-US trade deal. Business News | Rupee Reaches All-time Low Against US Dollar, Experts Point to Sectors That Could Gain or Feel Pressure.