The Indian rupee breached the 90 mark in opposition to the US greenback for the primary time in early offers on Wednesday, slipping 28 paise to a contemporary document low of 90.14 from the earlier shut of 89.86. On Tuesday, rupee fell to a low of Rs 89.92 in opposition to the US greenback. That is the sixth straight session of fall for the Indian forex amid excessive demand for greenback and a delay within the India-US commerce deal.
On the present depreciation in rupee, VK Vijayakumar, Chief Funding Strategist, Geojit Investments mentioned, “The rupee depreciation will halt and even reverse when the India-US commerce deal materialises. That is doubtless this month. Loads, nonetheless, will rely upon the small print of the tariffs to be imposed on India as a part of the deal.”
The Indian forex has been affected as expectations of a US Federal Reserve price reduce put up higher than anticipated jobs studies have fallen. A surge in greenback demand from importers and restricted provide from exporters have introduced the Indian forex underneath strain.
Since late August, when the USA imposed steep tariffs on Indian exports, international traders have withdrawn $16.5 billion from Indian equities, positioning the rupee because the weakest Asian currencies in 2025. The Indian rupee has fallen 5.17% in opposition to the US greenback in 2025.
