Brief by Shorts91 Newsdesk / 05:36am on 03 Dec 2025,Wednesday India
The Indian rupee hit an all-time low on Wednesday, slipping past 90 per US dollar for the first time, trading at 90.11 by 10 AM with no signs of stabilization. The slide, driven by weak foreign portfolio flows, US-India trade uncertainty, and global dollar strength, caught markets off guard despite building pressure for weeks. The Reserve Bank of India intervened to calm volatility but with limited success. A weaker rupee increases import costs for crude oil, electronics, and industrial goods, raises overseas loan repayment burdens, and impacts students and travelers. Analysts warn volatility will persist unless foreign flows stabilize, with markets watching whether RBI will defend the 90-level more forcefully. (PC: Reuters)
