Rupee Hits New Low of 90.56/$ Amid Trade Deal Impasse, Analysts Expect Further Weakness
AI Summary1 min read
TL;DR
The Indian Rupee hit a record low of 90.56/$ due to US-India trade deal delays and foreign equity selling, with analysts predicting further decline to 91.50/$ in coming months amid a widening current account deficit.
Tags
Indian RupeeUS-India trade dealcurrency depreciationcurrent account deficitforex market
The Indian Rupee hit a new low of 90.56 against the US dollar due to an impasse in the US-India trade deal and selling of equities by global funds. The currency has fallen 1.15% this month and 5.7% in the calendar year 2025, the worst among Asian peers. Exporters are advised to sell in cash, while importers are encouraged to buy dollars on dips. The rupee is expected to fall to 91.50 per dollar over the next two to three months due to India's widening current account deficit.
