The rupee hit a fresh record low against the US dollar on Nov 27, extending a long slide that began in the early decades after Independence and sharply accelerated after the 1991 devaluation. From around ₹22.74 per dollar in the early 1990s, the exchange rate crossed ₹42.48 by the mid-1990s, ₹63.33 by 2013, and has now touched an all-time intraday low of ₹89.41. The latest fall has been driven by worries over a possible delay in the India–US trade deal, sustained selling by foreign portfolio investors and the initial absence of strong support from the Reserve Bank of India in the forex market. After the sharp slide, the RBI stepped in to stabilise the currency. The rupee has since recovered modestly, rebounding to an intraday high of 89.08 and closing at 89.22–89.23 over the last two sessions. Created by: Ritesh Kumar