Back to today’s briefing

Story perspectives

Rupee Plummets to Record Low Amid Global Turmoil

9/26/2025

44 5

Summary

Story summary

Rupee hits a record 88.79 per dollar on September 23, 2025.
Traders cite global risk aversion and foreign portfolio investors (FPIs) selling INR2,910 crore.
Depreciation reflects broader pressures, including trade policy uncertainty, weaker export prospects, and India-US trade talks.
The Reserve Bank of India (RBI) intervened to damp volatility, but did not defend a specific currency level.

1 of 1

Story summary

Rupee hits a record 88.79 per dollar on September 23, 2025.
Traders cite global risk aversion and foreign portfolio investors (FPIs) selling INR2,910 crore.
Depreciation reflects broader pressures, including trade policy uncertainty, weaker export prospects, and India-US trade talks.
The Reserve Bank of India (RBI) intervened to damp volatility, but did not defend a specific currency level.