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Indian Rupee Hits Record Low Amid Trade Woes

12/3/2025

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Summary

Story summary

The Indian rupee fell to a record low of 90.14 per U.S. dollar amid weak trade and capital flows.
The Reserve Bank of India (RBI) has intervened sporadically to support the currency as the trade deficit and high U.S. tariffs weigh on it.
Analysts expect further weakness, with the rupee down 5% year-to-date, its steepest decline since 2022, while RBI reserves may help stabilize the currency amid U.S. trade uncertainty.

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Story summary

The Indian rupee fell to a record low of 90.14 per U.S. dollar amid weak trade and capital flows.
The Reserve Bank of India (RBI) has intervened sporadically to support the currency as the trade deficit and high U.S. tariffs weigh on it.
Analysts expect further weakness, with the rupee down 5% year-to-date, its steepest decline since 2022, while RBI reserves may help stabilize the currency amid U.S. trade uncertainty.