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2 days agoRupee Slides to Fresh Record Low as Trade Deficit and Outflows Fuel Pressure
India’s rupee weakened to a lifetime low of 89.83 against the US dollar on December 1, edging closer to the psychological 90 per dollar mark. Persistent foreign portfolio outflows, a stalled India US trade agreement and heightened tariff uncertainties have weighed heavily on sentiment. Despite robust real GDP growth of 8.2% in Q2, muted nominal growth and subdued inflation continue to limit support for the currency.
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neutral
2 days agoRupee Slides to Fresh Record Low as Trade Deficit and Outflows Fuel Pressure
India’s rupee weakened to a lifetime low of 89.83 against the US dollar on December 1, edging closer to the psychological 90 per dollar mark. Persistent foreign portfolio outflows, a stalled India US trade agreement and heightened tariff uncertainties have weighed heavily on sentiment. Despite robust real GDP growth of 8.2% in Q2, muted nominal growth and subdued inflation continue to limit support for the currency.
Explore:Mutual Fund Categories
1 min read
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The rupee hit a new low near 90 per dollar as record trade deficits, heavy outflows and weak nominal growth heightened pressure on India’s currency.
India’s rupee weakened to a lifetime low of 89.83 against the US dollar on December 1, edging closer to the psychological 90 per dollar mark. Persistent foreign portfolio outflows, a stalled India US trade agreement and heightened tariff uncertainties have weighed heavily on sentiment. Despite robust real GDP growth of 8.2% in Q2, muted nominal growth and subdued inflation continue to limit support for the currency.
India’s rupee weakened to a lifetime low of 89.83 against the US dollar on December 1, edging closer to the psychological 90 per dollar mark. Persistent foreign portfolio outflows, a stalled India US trade agreement and heightened tariff uncertainties have weighed heavily on sentiment. Despite robust real GDP growth of 8.2% in Q2, muted nominal growth and subdued inflation continue to limit support for the currency.
Dec 1, 2025 • 09:46