India’s rupee slipped to yet another fresh low on Wednesday, pressured by capital outflows and continued uncertainty about a trade deal with the U.S.

The Indian rupee slid past 90 per U.S. dollar to a record low on Wednesday, declining for the sixth consecutive session as traders bet subdued trade and portfolio flows will keep Asia's worst performer under pressure without central bank intervention.

Amid the Indian Rupee's slide past the 90 mark against the US dollar, RBI Governor Sanjay Malhotra has reiterated that the central bank does not target specific currency levels

When more money goes out of India than what comes in, the rupee’s exchange rate fall or weakens because it essentially means that the US dollars are more in demand relative to Indian rupee. What do data show on investments into India?

However, currency experts believe that a falling Indian Rupee against the US dollar doesn't mean the Indian currency is weak. They said that the Indian Rupee is falling due to policy uncertainty, such as the delay in the India-US trade deal,

Indian rupee hits record low past 90 per dollar amid weak inflows, rising tariffs, and accelerating currency pressures.

An analytical look at how India’s 8.2 percent GDP growth coexists with a weakening rupee, driven by global dollar strength, capital flows, oil imports, and RBI policy.

The slide comes as banks kept buying US dollars at higher levels and FII outflows continued amid a rush by companies to hedge against further weakness in the currency.

The Indian rupee has tested a series of record lows this year, and some analysts warn it could slip to the psychologically key 90-per-dollar level if a crucial trade deal with the US doesn’t materialize soon.

India’s rupee slipped past the key psychological level of 90 per dollar on Wednesday, as delays in concluding a crucial trade deal with the US continue to dent sentiment.

The recent depreciation in the Indian Rupee is unlikely to have any significant impact on CPI inflation in the country, as India has a low dependence on imports for food products, highlighted a report by Bank of Baroda.

The Indian rupee will regain some lost ground against the U.S. dollar over the next three months, according to a Reuters poll of FX strategists, but a reversal in the currency's fortunes hinges upon India and the U.