Mumbai: The Indian rupee fell past 90 per U.S. dollar to a record low on Wednesday, declining for the sixth consecutive session as traders bet subdued trade and portfolio flows will keep Asia’s worst performer under pressure without central bank intervention.

The rupee fell to a record low of 90.29 per U.S. dollar, eclipsing its previous low hit a day earlier. It was last quoting at 90.11, down 0.3% from the previous close.

The slide underscores a divergence in India’s domestic and external macroeconomic position. While GDP growth has been stronger-than-expected, punitive U.S. tariffs and weak capital flows have piled pressure on the rupee. Show Full Article

The rupee has fallen 5.3% year-to-date, putting it on track for its steepest annual decline since 2022, and making it the worst-p

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