Indian rupee hits record low amid rising forward premiums
pre-market1 source ↓written by the desknot a recommendation
- and a surge
- 5% drop year-to-date
- in the near
- ₹90.70–₹91.00
The Indian rupee fell to a record low of ₹90.42/$ due to foreign outflows and U.S. tariffs. This decline reflects a more than 5% drop year-to-date and a surge in forward premiums, increasing hedging costs. Analysts suggest further weakness, projecting the rupee may drift toward ₹90.70–₹91.00 in the near term.
Not investment advice. For informational purposes only.