Rupee
Rupee in freefall! Indian currency crashes to record low against dollar
Mumbai/IBNS: The Indian rupee extended its slide on Tuesday, hitting a fresh all-time low of 90.83 against the US dollar, according to media reports.
The currency opened weaker at 90.79, compared with Monday’s close of 90.73, and continued to lose ground through the session.
Analysts trace the rupee’s decline to April 2025, when US President Donald Trump announced tariffs on Indian goods, sparking concerns over exports and the trade balance.
The pressure has intensified in December amid a widening current account deficit.
Uncertainty over India–US trade negotiations, rising corporate demand for dollars, and a growing trade deficit have further accelerated the currency’s fall.
Despite intermittent intervention by the Reserve Bank of India (RBI), analysts say the rupee remains under sustained pressure.
Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the currency is likely to stay weak due to delays in the India–US trade deal.
“The rupee is expected to trade with a negative bias amid delays in the Indo-US trade deal and continued FII outflows,” Choudhary told The Times of India.
He added that a weaker dollar and RBI intervention could provide some support at lower levels. “Investors will also watch central bank policy decisions from the BoE, ECB and BoJ. The USD-INR spot price is expected to trade in the range of ₹90.30 to ₹91.”
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