Rupee at Record Low: The rupee weakened to a lifetime low against the US dollar on Friday, pressured by shrinking risk appetite amid fading expectations of a Federal Reserve rate cut and uncertainty surrounding a US-India trade deal.
According to Zee Business, the rupee touched 89.49, surpassing its previous all-time low of 88.80 hit in late September and earlier this month.
The currency declined by 0.8 per cent on the day.
The pressure on the rupee has intensified since steep US tariffs on Indian exports were implemented in late August.
It has emerged as one of the weakest major Asian currencies this year, as foreign investors have pulled out $16.5 billion from Indian equities so far in 2025.
Traders, cited by Zee Business, are expecting RBI intervention to stabilise the currency and prevent further declines.
Economic data adds to cautious sentiment
Data released by the government on Thursday, November 20, showed that growth in eight core infrastructure sectors — coal, crude oil, natural gas, petroleum refinery products, electricity, fertiliser, and steel — remained flat year-on-year in October. While production of petroleum refinery products, fertiliser, and steel rose, it was offset by a decline in electricity generation and coal output.
Traders expect continued volatility in the rupee, with markets closely watching global cues, crude prices, and FII flows, as well as domestic macroeconomic indicators.
