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Indian Rupee Hits Lifetime Low Against Dominant US Dollar
Indian Rupee Hits Lifetime Low Against Dominant US Dollar
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BTCCSquare news:
The US dollar continues its stranglehold on global currency markets, driving the Indian rupee to a historic low of 89.62 despite weakening signals from the DXY index. Monday saw a brief recovery to 89.26, but the rupee remains perilously close to the psychological 90 threshold—a level not seen in India's modern financial history.
Market pressures stem from multiple fronts: $16.5 billion in foreign equity outflows this year, stalled US-India trade negotiations, and the Reserve Bank of India's unexpected retreat from currency defense. "Only a favorable trade resolution can reverse the rupee's 4.5% year-to-date decline," notes ANZ strategist Dhiraj Nim, highlighting the currency's status as one of 2025's worst performers against the greenback.
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