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Indian rupee hit a record low of 90.43 per US dollar on November 04, driven by foreign fund outflow and India-US trade deal uncertainty, making it one of Asia’s worst performers.
Rupee Vs Dollar Today.
India Rupee: The Indian rupee hit a record low of 90.43 per US dollar today, November 04, against the US dollar. Earlier, rupee breached 90-per-dollar mark for the first time due to persistent foreign fund outflow, elevated crude oil prices and uncertainty around the India-US trade deal.
The currency is down nearly 5% for the year against the greenback and is one of the worst-performing currencies of Asia.
Rahul Gupta, CBO, Ashika Group said that In the near term, the rupee is likely to remain under pressure and could trade in the 89.50–91.20 range, especially if crude oil prices stay elevated and foreign investors remain risk-averse.
Richard Yetsenga, Group Chief Economist at ANZ Research, as quoted by CNBC TV-18 said that the Indian rupee will remain weak in 2025. However, he believes, 2026 will usher in a reversal phase for the currency.
India’s economy could remain one of the fastest-growing in the world as foreign investors return and inflation pressures ease globally, according to Yetsenga.
The partially convertible rupee is expected to appreciate nearly 1.1% from current levels to 88.91 per dollar by end-February 2026, and further strengthen slightly to 88.83 by end-May, according to the median forecast of 37 forex analysts polled between December 1 and 3.
As reported by Economic Times, A. Prasanna, head of fixed income research at ICICI Securities Primary Dealership, said, “I was expecting some kind of India-U.S. trade deal to happen by November, and that hasn’t happened. But the base case is that it should materialise before the end of the financial year, which itself would boost sentiment for the rupee.”
Click here to add News18 as your preferred news source on Google. December 04, 2025, 09:20 IST
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