The Indian Rupee hit its all-time low of 87.95 in six months against the US Dollar yesterday before recovering by a few paise today.
Earlier, the Rupee hit its historic low in February at 87.95. Analysts speculate that the tumble of the Indian currency may touch 88 against the American currency.
This comes in the wake of Trump’s tariff terror, coupled with shares worth Rs 2,567 crore offloaded by foreign investors after the American president’s accusation that India is hands-in-gloves with Russia. The depreciation is also in part due to Oil Marketing Companies (OMCs) demanding dollars during the day.
Per economists as cited by the TOI, a weaker rupee would mean cheaper Indian products and thus offset losses from higher US duties. However, the flip side is the higher import costs.
At 2.6% gains, the Indian currency remains the lowest performer against the US Dollar, amongst its Asian peers.
#Rupee closes weaker against US dollar. #NDTVProfitMoney
For the latest #moneymarket updates, visit: https://t.co/rygCGaVasg pic.twitter.com/RTkAnkh1VU
— NDTV Profit (@NDTVProfitIndia) August 5, 2025
The #Rupee tumbles to a 5-month low vs the dollar on higher crude prices and rise in the Dollar Index. Relentless selling of Indian equities and bonds by FPIs & the fear of lower software exports is adding to the bearishness.@Latha_Venkatesh analyses pic.twitter.com/tRDfBETaRl
— CNBC-TV18 (@CNBCTV18News) July 30, 2025
#Rupee closes weaker against US dollar. #NDTVProfitMoney
For the latest #moneymarket updates, visit: https://t.co/ZeHyknPDHp pic.twitter.com/RlO8YwZH4U
— NDTV Profit (@NDTVProfitIndia) August 4, 2025
Rupee rises trade15 paise to 87.73 against US dollar in early #Rupee #Dollar #forex
— Deccan Chronicle (@DeccanChronicle) August 6, 2025
#Mumbai | The Indian rupee hit a lifetime low of 87.95 against the US dollar in early trade on Tuesday as US President Donald Trump threatened higher tariffs on Indian goods but recovered as the RBI sold dollars to support it.
https://t.co/zFyZtvQ7YE
— Deccan Chronicle (@DeccanChronicle) August 5, 2025
The Indian rupee may drop to an all-time low past 88 to the US dollar after Trump threatened steeper tariffs on Indian goods. Follow Reuters live coverage: https://t.co/P7WkcfpoJY pic.twitter.com/6R2Nhlucwk
— Reuters (@Reuters) August 5, 2025
#RupeeVsDollar | The #Rupee drops 29 paise to 87.95/$, hitting a 6-month low and nearing the 88-mark, weighed down by geopolitical tensions, capital outflows, and policy uncertainty @anshul91_m with more | #INRUSD #INRvUSDhttps://t.co/F2VsLQK3NB
— CNBC-TV18 (@CNBCTV18News) August 5, 2025
Meanwhile here’s what the White House is up to.
“Have you seen the Sydney Sweeney ad?”🗣️ pic.twitter.com/oRCKPh9Fwp
— The White House (@WhiteHouse) August 6, 2025
Ps:
Rupee falls 5 paise to all-time low of 84.37 against US dollar pic.twitter.com/8kjjsVNNPa
— Sanitary Panels (@sanitarypanels) November 8, 2024
Cover: Patrick Gawande / Mashable India
