The Indian rupee declined to a lifetime low on Thursday in the wake of expectations that Donald Trump's victory is likely to boost the dollar in the coming months.

Rupee touches new record low of 84.32 against the US dollar due to weak equities, FII outflows, and rising crude prices.

The advanced US November Michigan Consumer Sentiment data and Fed Bowman’s speech will be the highlights on Friday.

The Indian central bank was likely selling U.S. dollars to support the rupee after the currency declined to an all-time low, pressured by outflows from local equities, four traders told Reuters on Monday.

The Indian Rupee hit a new low against the US dollar, dropping to 84.37, influenced by foreign fund outflows and the US Federal Reserve's recent interest rate cut. The Fed's decision, along with global market uncertainties,