The rupee hit a record low today (Dec 3), slipping past 90 against the US dollar for the first time…
The rupee hit a record low today (Dec 3), slipping past 90 against the US dollar for the first time in early trade. It opened near 89.96 and quickly moved above the 90 mark, trading around 90.1 in morning deals after closing just below 90 in the previous session. So far in 2025, the rupee has fallen by over 4%, including a 0.8% decline in November alone. The fall in rupee comes amid sustained foreign investor outflows, uncertainty around the India–US trade deal and caution ahead of key central bank decisions. The Reserve Bank of India’s monetary policy committee meets on December 5, followed by the United States Federal Reserve on December 10.
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