The Rupee declined to a record low on Thursday, deepening its fall past the 90-per-dollar mark as corporate dollar sales and the lack of tangible progress towards a trade deal with the U.S. hurt Asia's worst-performing currency. The rupee has fallen more than 5% against the dollar in 2025, as U.S. tariffs of up to 50% on Indian goods have hurt exports to the country's biggest market and have diminished the appeal of local equities. Foreign investors have pulled out nearly $18 billion from Indian stocks so far this year, making India one of the worst-hit markets in terms of portfolio outflows. The local currency fell to 90.4675 against the U.S. dollar on Thursday, eclipsing its previous record low of 90.42 hit on December 4. It closed at 90.3675, down 0.4% on the day. Many stop-losses were triggered on long rupee positions when it fell below 90.42, said Dilip Parmar, a foreign exchange research analyst at HDFC Securities. The Reserve Bank of India likely intervened to help avert steeper losses, five traders said. One trader characterised the intervention as mild and intended to slow the fall instead of holding the rupee at a specific level. The U.S dollar slumped on Thursday, hitting multi-month lows against the euro, Swiss franc, and sterling and extending losses from the previous session after the Federal Reserve delivered a less hawkish outlook than some had expected. The Swiss franc drew support from the Swiss National Bank's decision to hold interest rates steady. The dollar fell 0.7% versus the franc to 0.7946 , after earlier touching its lowest since mid-November. However, that support faded in the U.S. session. The euro was last up 0.4% at $1.1737 after earlier hitting its highest since October 3. Sterling rose 0.3% to $1.3420 after earlier touching its highest level in roughly two months. The dollar also weakened against the yen, shedding 0.6% to 156.04 yen . Heading into the Fed meeting, traders had been wondering whether they would get a similar message to those sent by the Australian central bank chief and an influential European Central Bank policymaker suggesting their next moves would be rate hikes. That's on top of the $15 billion that the Fed will reinvest in T-bills starting this month from its maturing mortgage-backed securities (MBS). The combined $55 billion in liquidity injection from the Fed is a positive for market sentiment and risky assets but negative for safe-haven assets such as the dollar. Away from the dollar, the Swiss franc strengthened after the Swiss National Bank left its policy rate unchanged at 0% and said a recent agreement to reduce U.S. tariffs on Swiss goods had improved the economic outlook, even as inflation has somewhat undershot expectations. The euro fell 0.3% against the Swiss franc to 0.9331 . Elsewhere, the Australian dollar was hurt by data showing employment in November fell by the most in nine months. The Aussie dollar slipped 0.1% to US$0.6666 . Oil prices fell more than $1 on Thursday as investors shifted focus back to Russia-Ukraine peace talks and monitored potential fallout from a U.S. seizure of a sanctioned oil tanker off the coast of Venezuela. Brent crude futures were down $1.1, or 1.8%, at $61.11 a barrel at 1408 GMT, hovering near the lowest since Oct. 21.......