Mumbai: The Indian rupee fell to a new record low on Thursday, touching around 90.46 against the United States dollar, as pressure from weak trade sentiment and steady foreign fund outflows continued to weigh on the currency. Traders said the Reserve Bank of India likely stepped in during early trade to limit sharper losses, although the central bank appeared focused mainly on calming volatility rather than defending any specific level.

The fall came on a day when the currency market remained cautious due to the lack of progress in the India United States trade deal. Negotiations have slowed in recent weeks, adding uncertainty for exporters and importers. The rupee has already weakened more than five percent this year, making it one of the worst performing Asian currencies in 2025.

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