Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

Mumbai, 12/3: The rupee plummeted to a new low of 90.25 against the greenback in the intra-day session on Wednesday, falling 29 paise from its previous close, amid FII outflows and sustained buying of dollars by banks.

A decline in the domestic equity markets and the absence of an India-US trade deal put further pressure on the local unit, according to forex traders