Nearing 90: Rupee slips to record low of 89.76 vs $

The Indian rupee hit a record low of 89.76 against the dollar amid maturing offshore forward positions and the absence of a US trade deal. Simultaneously, 10-year government bond yields climbed to over two-month highs, driven by strong GDP data and rate-cut doubts. Geopolitical concerns and weak foreign investment also pressured the currency.