The Indian rupee slid by 4 paise to a new all-time low of 84.76 against the US dollar in early trade on Tuesday, driven by a stronger dollar in global markets and ongoing foreign portfolio outflows. Forex traders cited various factors, including remarks by US President-elect Donald Trump about BRICS currencies, political instability in the Eurozone, and weaker domestic economic indicators as key contributors to the rupee's depreciation.

The rupee opened at 84.75 against the greenback in the interbank foreign exchange market, briefly touching the all-time low of 84.76, representing a decline of 4 paise from its previous close. On Monday, the rupee had already fallen by 12 paise, closing at a then-record low of 84.72.