The Indian rupee slipped to a fresh all-time low at the start of trade on Monday, pressured by continued uncertainty around US–India trade negotiations and persistent foreign selling in domestic equity and bond markets.
The rupee weakened to 90.79 against the US dollar, down around 0.4 percent, surpassing its previous record low of 90.55 recorded on December 12.
Trade Talks and Foreign Outflows Weigh on Rupee
Currency market participants said the rupee continues to trade with a negative bias, as investors remain cautious and are closely monitoring developments on the India–US trade deal front. The lack of clarity on negotiations has dampened sentiment, while sustained foreign portfolio investor (FPI) outflows from Indian equities and debt have added to the downward pressure.
Opening Levels
At the interbank foreign exchange market, the rupee opened at 90.53 per dollar, before extending losses in early trade.
With external headwinds persisting and foreign flows remaining weak, the rupee’s near-term movement is likely to stay sensitive to trade-related headlines, global dollar trends, and policy signals.
