Rupee hits record low 90.33; exports find silver lining despite US tariffs

• The Indian rupee weakened past 90-a-dollar, hitting a new record low of 90.33, becoming Asia's worst-performing currency.
• A falling rupee increases import costs, especially for crude oil, but makes exports more competitive, particularly benefiting IT exports.
• India's Chief Economic Advisor stated a weaker rupee benefits the export sector amid global uncertainties.
• US tariffs on Indian exports are a concern, but the RBI Governor noted minimal impact due to India's domestic-demand driven economy.
• The RBI revised India's growth forecast for the current fiscal year upwards to 7.3%.

Why It Matters: Rupee's fall makes exports cheaper, aiding growth despite higher import costs.