Rupee hits 90 vs USD, fastest 85-90 drop in 231 days

• The Indian rupee rapidly depreciated from 85 to 90 against the US dollar in 231 days, a faster pace than previous drops.
• This accelerated fall occurred amid global financial volatility, driven by strong dollar demand, high US bond yields, and FPI outflows.
• The rupee was Asia's worst-performing currency, depreciating 4.76% between Dec 31, 2024, and Dec 10, 2025.
• Chief Economic Advisor V Anantha Nageswaran expressed no concern, stating the depreciation is not harming exports or inflation.
• The RBI has shown limited intervention, suggesting a potential significant announcement in the upcoming monetary policy.

Why It Matters: India's rapidly falling rupee affects your finances and economic stability.