Rupee slipped to a record low of 90.52 against the US dollar, in early trade on Friday, extending its sharp decline this year amid ongoing challenges in the India-US trade talks. This comes after the currency fell 90.46 against the dollar on Thursday, breaching its previous record of 90.42, which was set on December 4. Experts have pointed to multiple factors behind rupee’s weakness, including a widening trade deficit, strong corporate demand for dollars, and heavy US tariffs of 50% on Indian goods. This year alone, rupee has lost over 5% against the dollar, ranking as the third-worst performer among 31 major global currencies, trailing only the Turkish lira and Argentina’s peso. This comes even as the dollar index has eased by more than 7%. Crossing the 90 mark is significant, as
Rupee slide continues: Currency tumbles to fresh life
The Times of India1 hrs ago
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