The Indian rupee tumbled past the psychologically critical Rs 90 per US dollar mark on Wednesday, hitting a fresh record low of Rs 90.30, as uncertainty over the pending India–US trade deal and sustained foreign outflows battered market sentiment. The currency eclipsed its previous all-time low of Rs 89.94 registered just a day earlier, despite strong domestic macro data and moderating global dollar strength. Advertisement

The rupee opened weak at Rs 89.96, sliding steadily through the session amid aggressive dollar buying by banks, firms rushing to hedge against further weakness, and persistent foreign portfolio outflows. So far in 2025, the rupee has depreciated 5.3%, making it Asia’s worst-performing major currency, even as the dollar index itself has fallen 8.5% this year.

Why the R

See Full Page