Rupee Slides To All-Time Low On US Visa Hike, Subdued Foreign Flows

The Indian rupee slipped to an all-time low on Tuesday, pressured by the U.S. visa fee hike, muted foreign equity flows and a pick-up in hedging.

The rupee declined to 88.4850 to the U.S. dollar, dipping past its prior record low of 88.4550 hit earlier this month.