Firstpost LIVE: India’s Rupee At Historic Low vs US Dollar; What’s Driving the Fall? | N18G
The Indian rupee hit a historic low, slipping past 90 versus US dollar, after steadily weakening in recent days. Despite India’s strong GDP growth, external pressures — higher US tariffs, delays in a key trade deal, and nearly $17 billion in foreign investor outflows — have driven the decline. A widening trade deficit and rising demand for dollars have added strain, making essential imports costlier and pressuring markets. Unlike past crises, the RBI is allowing gradual depreciation after the IMF reclassified India’s currency regime. Analysts expect possible recovery next year, but rupee’s slide reflects broader global economic shifts.Also on the show:
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