Rupee falls to record low beyond ₹90 per dollar
pre-market1 source ↓written by the desknot a recommendation
- previous low
- ₹89.9475
- and the Sensex
- 26,000
- Sensex declining
- 200 points
The Indian rupee plunged to a record low of ₹90.13 against the US dollar, surpassing its previous low of ₹89.9475. This decline was driven by weak trade, portfolio flows, and uncertainty surrounding the India-US trade deal.
The rupee's fall negatively impacted domestic equity markets, with the Nifty index dropping below 26,000 and the Sensex declining nearly 200 points. This situation raises concerns about inflation and foreign investor activity.
Not investment advice. For informational purposes only.