The Indian rupee has hit an all-time low against the US dollar, reaching ₹88.16. Experts attribute the rupee’s decline to US tariffs and the withdrawal of foreign investments. In the past few days, ₹2.4 billion in investments left India, further exacerbating the rupee’s slide.
On Tuesday morning, during trading, the rupee fell another 6 paise. The rupee had closed at ₹88.10 on Monday, marking its lowest-ever level. On Wednesday, the rupee opened at ₹88.14 in the inter-bank forex market before dropping to ₹88.16.
While the rupee continues to weaken, Indian stock markets remain resilient. The Sensex rose 207 points to 80,571, and the Nifty gained 60 points, reaching 24,685.
In other news, US President Donald Trump posted on Truth Social regarding tariffs. He criticized India for reducing tariffs too late and mentioned that India continues to buy oil and military products from Russia, leaving minimal trade with the US.
