Rupee in red: Currency falls 8 paisa in early trade; reaches 90.98 against US dollar

The Indian rupee continued its downward slide, nearing historic lows against the US dollar. Persistent demand from metal importers and foreign fund outflows are key drivers. Geopolitical uncertainties, including US trade threats and domestic equity weakness, are fueling risk aversion and pressuring the rupee. Analysts anticipate continued pressure, with the currency hovering near record lows.