The Indian rupee slipped 1 paisa to an all-time low of 84.38 against the US dollar in early trade on Monday, according to PTI. This decline is attributed to persistent foreign fund outflows and a weak trend in domestic equities.

As per PTI, forex traders have indicated that the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows. At the interbank foreign exchange market, the rupee opened at the record low of 84.38 against the greenback, marking a drop of 1 paisa compared to its previous close.