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Rupee Slips to 89.64 as Dollar Strength Intensifies Globally
The rupee hovered near record lows at 89.64 against the dollar amid capital outflows and tariff concerns affecting broader currency sentiment.
USD/INR traded at 89.6410 during November 21–22 sessions, marking a 1.070% daily rise. The rupee has weakened 5.08% over twelve months and 2.17% across the past month. The all-time high of 88.97 set in September remained close as tariff concerns and persistent capital outflows weighed on sentiment. Forecast models from projected levels of 88.52 by quarter-end and 87.42 over the next year.