The rupee slipped 10 paise to settle at an all-time low of 88.19 (provisional) against the US dollar on Monday, pressured by uncertainties surrounding the Indo-US trade deal and strong dollar demand from importers.
Forex traders said the local currency opened weak at 88.18 and later touched a fresh intra-day low of 88.33, weighed down by persistent foreign fund outflows and concerns over India’s trade deficit following additional US tariffs.