The rupee slipped to an all-time low of ₹85.92 against the US dollar on Wednesday, pressured by rising US bond yields and foreign institutional investor outflows of ₹3,362 crore. Weak domestic equities and elevated crude oil prices further weighed on the currency. A stronger dollar index, trading near 108.80, added to the downward pressure. Investors are cautious as the Federal Reserve signals delayed rate cuts.
