<h1>Rupee slides to record low near 89.50, marking steepest single-day fall in months amid weak macroeconomic signals</h1> The Indian rupee registered its steepest single-day fall in over three months, breaching the 89-per-US-dollar mark for the first time and touching a record intra-day low of 89.50 at the interbank foreign exchange market. The currency traded around 89.40 after opening at 88.67, following a previous close of 88.68, reflecting heightened exchange-rate volatility. This depreciation coincided with declines in key domestic equity indices and flat year-on-year growth in eight core infrastructure sectors, indicating broader macroeconomic pressures. Despite marginal strength in the US dollar index and a drop in Brent crude prices, foreign institutional investors remained net buyers of Indian equities, partially offsetting adverse market sentiment.