Rupee Breaches 90 Mark for the First Time Amid Market Jitters
The Indian rupee (INR) hit a new record low on Wednesday, breaching the 90-mark against the US dollar for the first time. It opened weaker at 90.14, down 28 paise from Tuesday’s close of 89.86, marking its sixth consecutive day of decline amid strong dollar demand and a stalled India-US trade deal. The sharp depreciation…