Rupee hits record low; India-US trade talks stall, RBI intervenes

• Rupee hit a new record low of 90.6475 against the U.S. dollar on Monday.
• Delayed India-US trade talks and foreign selling of equities/bonds contributed to the rupee's decline.
• The Reserve Bank of India (RBI) intervened to prevent a steeper fall of the currency.
• The rupee is Asia's worst-performing currency this year, down 5.5% against the dollar, partly due to U.S. tariffs on Indian goods.
• Foreign investors have net sold over $18 billion in Indian stocks and $500 million in bonds in December.

Why It Matters: Rupee's record low affects your purchasing power and investment returns.