Rupee Sinks to All-Time Low of 91 Against Dollar

• The Indian rupee slid to an all-time low of 91 against the US dollar on Tuesday, marking its fourth consecutive session of losses.
• The depreciation was primarily driven by sustained foreign institutional investor (FII) outflows and the ongoing lack of a breakthrough in India–US trade negotiations.
• The rupee has declined 6–7% so far in 2025, positioning it among the weaker emerging market currencies.
• A weaker US dollar and a decline in global crude oil prices helped to cap sharper losses for the rupee.
• Despite a narrowed merchandise trade deficit in November, foreign investors continued selling, with FIIs offloading ₹1,468.32 crore in equities.

Why It Matters: A record-low rupee signals economic challenges for India.