Rupee at 90.49 low; India-US trade deal eyed as turning point

• Indian Rupee reached a historic low, trading at 90.56 against the US dollar.
• The Rupee's weakness is attributed to domestic factors, including continuous selling by foreign investors, despite a globally weaker dollar.
• Foreign Portfolio Investors (FPIs) have withdrawn over ₹1.61 lakh crore from the Indian market this year.
• An upcoming India-US trade deal is seen as a potential turning point to stabilize the Rupee and restore investor confidence.
• The Rupee's future trajectory largely depends on the outcome and strength of the India-US trade agreement.

Why It Matters: Rupee's historic weakness impacts your finances; India-US trade deal is key to its recovery.