How A Falling Rupee Squeezes Middle-Class Budgets — But Also Helps India Compete Globally
The Indian rupee has dropped to a record low, slipping past Rs 90.50 per U.S. dollar. This slide is mainly because of the ongoing U.S.–India trade dispute and heavy selling by foreign investors. The rupee has fallen about 6 percent this year, making it one of Asia’s weakest currencies. Higher U.S. tariffs have hurt India’s exports and made global investors cautious. Even though Prime Minister Modi and President Trump have been in talks, no solution has been reached yet. The Reserve Bank of India tried to slow the rupee’s fall, but strong demand for dollars from importers kept it under pressure. Experts say the rupee will only stabilise once the trade issues are resolved.
Dec 12, 2025, 13:59 PM IST
Rupee expected to breach 70-mark by December, touch 72.50 by 2017-end: Report
The rupee is expected to see further depreciation in the coming months and may breach the 70-level by December and touch 72.50 by the end of 2017, says a Deutsche Bank research report.
Nov 27, 2016, 17:39 PM IST
Rupee decline temporary, will stabilise soon: FinMin
The rupee's decline against the US dollar is a temporary phenomenon and the domestic currency will stabilise soon, a top Finance Ministry official said.
Apr 21, 2015, 23:13 PM IST