The domestic currency touched a fresh low of 90.41 against the dollar on Thursday but gained back its intraday losses to close at 89.98
As the rupee weakens past 90/$, outbound travellers may adjust itineraries or reduce spends, while inbound and domestic tourism gain as India becomes more cost-competitive.
Exporters like Sun Pharma, Dr Reddy's may see 7-8% revenue lift, yet margins pressured by high raw material import costs
Consumer electronics firms expect to raise prices by up to 10% as the rupee weakens and input costs rise, while food companies watch the currency closely before adjusting prices
The rupee hit 90.41 per dollar intraday on Thursday before recovering to close at 89.98, as foreign banks sold dollars and RBI intervention stayed limited amid outflows and trade-deal uncertainty
By signaling tolerance for a weaker rupee, RBI is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not defend any specific level on rupee
US President Donald Trump's punitive 50 per cent tariff on Indian goods has soured sentiment among foreign investors, who have sold around $17 billion of Indian equities so far this year
To compete, lenders including Standard Chartered Plc and Barclays Plc, are looking to widen their onshore offerings to appeal to Indian corporates shifting their borrowing to rupees
Corporate earnings growth is estimated to be in high single digits for this fiscal and in mid-teens for the next two financial years
In a situation where the balance of payments has turned negative, the currency would be expected to depreciate and act as a stabiliser
Chief Economic Advisor V Anantha Nageswaran expressed hope that the currency will recover next year
Tech companies are, typically, at an advantage when the Indian Rupee depreciates against the Dollar
On Tuesday, the rupee had already touched 89.9475 before ending the day at 89.87 - a decline of nearly 0.4 per cent
Hits new closing low of 89.88/$; Hits 89.96/$ intraday
Indian Rupee touched a new record low of 89.97 against the US dollar on December 1, 2025, amid delays in the India-US trade agreement, and limited RBI intervention
The rupee depreciated 32 paise to an all-time low of 89.85 against the US dollar in early trade on Tuesday, weighed down by the broad strength of the American currency in overseas markets and persistent foreign fund outflows. Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors pressurised the rupee. Moreover, elevated crude oil prices further dented investor sentiments. At the interbank foreign exchange, the rupee opened at 89.70 against the US dollar before dropping to record low level of 89.85 , down 32 paise from its previous close. On Monday, the rupee after sinking to 89.79 in intraday trade, settled at 89.53 against the US dollar. "The RBI has been selling dollars in the market, but it has also bought dollars when Indian Rupee rose thus keeping the demand intact," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Bhansali further noted that, the fundamentals of the Indian economy l
India's foreign exchange reserves continue to fall as the RBI steps up its defence of the rupee to prevent it from breaching the 90-per-dollar mark
The rupee depreciated by 34 paise to an all-time low of 89.79 (provisional) against the US dollar in intraday trade on Monday, tracking a negative trend in domestic equities and persistent foreign fund outflows. Forex traders said a strong greenback and a rise in international crude oil prices also weighed down the Indian currency. Moreover, significant dollar demand by importers exerted persistent downward pressure on the local currency. At the interbank foreign exchange market, the rupee opened at 89.45, then lost its ground and fell to a record low of 89.79 (provisional) against the US dollar in intraday trade, registering a fall of 34 paise over its previous close. On Friday, the rupee dropped nine paise to settle at 89.45 against the US dollar. On November 21, the rupee plunged 98 paise to close at its lifetime low of 89.66 against the US dollar. "The rupee has been under pressure as there has been heavy buying by FPIs taking out money, outflows happening as stakes were sold
India's economy grew 8.2 per cent year-on-year in July-September, accelerating from the 7.8 per cent growth reported in the previous quarter, data on Friday showed
If movements in the exchange rate can help equilibrate "external balances", monetary and fiscal policy is freed up to focus on trying to achieve "internal balance"