Updated: Dec 04, 2025, 15:10 IST IST
Over 5% plunge by the currency so far this year is the most since 2022. It takes the rupee past 90 against the dollar
mark amid heavy outflows, large trade gap and the pending US deal. However, the central bank is taking it in its stride.
In fact, it’s actually not all gloom
The rupee on Wednesday (Dec 3) tumbled to a historic low, crossing the psychologically significant mark of 90 to the
dollar for the first time as India’s trade gap, persistent exits by overseas investors, and a delay in the
much-anticipated trade deal with the United States weighed on the local currency, experts said.
The rupee traded at a low of 90.29 to a dollar before closing 10 paise higher – 90.19 – on Wednesday, versus the
previous close of 89.87/$1. The annual slide for the currency against the dollar is the steepest since 2022.