India Rupee: The Indian rupee hit a record low of 90.43 per US dollar today, December 04, against the US dollar. Earlier, rupee breached 90-per-dollar mark for the first time due to persistent foreign fund outflow, elevated crude oil prices and uncertainty around the India-US trade deal.

The currency is down nearly 5% for the year against the greenback and is one of the worst-performing currencies of Asia.

Rahul Gupta, CBO, Ashika Group said that In the near term, the rupee is likely to remain under pressure and could trade in the 89.50–91.20 range, especially if crude oil prices stay elevated and foreign investors remain risk-averse.

Richard Yetsenga, Group Chief Economist at ANZ Research, as quoted by CNBC TV-18 said that the Indian rupee will remain weak in 2025. However, he believe

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