New Delhi, Dec. 15 -- About a fortnight after breaching the 90 mark, the Indian Rupee is inching towards 91, hitting a fresh all-time low. At the time of filing this report, the Rupee was trading at 90.904 per US dollar, with an intraday high of 90.957, just shy of 91.

So far this year, the Indian currency has depreciated by over 5 per cent on a cumulative basis.

Anindya Banerjee, Head Currency and Commodity, Kotak Securities, said, "USDINR is under pressure from continued FPI outflows across both bonds and equities."

"There are, however, incremental positives around the India-US trade deal, which could provide intermittent relief to the rupee. Overall, we expect a broad trading range of 89.50-91.00 on spot," Banerjee added.

Manoj Kum...