Falling rupee impacts middle-class budgets and trade
after close1 source ↓written by the desknot a recommendation
- per U.S
- ₹90.50
- this year
- 6%
The Indian rupee has fallen to a record low of ₹90.50 per U.S. dollar, down 6% this year, primarily due to the U.S.–India trade dispute and foreign investor selling. This decline pressures middle-class budgets but may enhance competitiveness for exporters. The Reserve Bank of India is struggling to stabilize the currency amid high demand for dollars.
Not investment advice. For informational purposes only.