New Delhi, Dec 3 || 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.
The decline in the rupee came amid weak trade and portfolio flows, along with growing uncertainty over the India-US trade deal.
These factors kept the currency under continuous pressure throughout the session.
The sharp fall in the rupee also weighed on domestic equity markets. The Nifty index slipped below the 26,000 mark -- reflecting cautious sentiment among investors.