Rupee Plunges Past 91 Against Dollar, Hits Record Low Amid FII Sell-off

• Indian Rupee crossed 91 against the US Dollar for the first time, marking its fourth consecutive day of decline.
• The currency has depreciated over 50% since 2014, with Foreign Portfolio Investors (FPIs) withdrawing approximately $19 billion.
• Weakness persists despite positive economic data like reduced trade deficit and negative wholesale inflation, and a weaker Dollar Index.
• The Rupee is the third worst-performing major currency in 2025, impacting India's $5.2 trillion stock market.
• RBI's intervention appears weaker, and pressure is expected to continue until trade talks clarify and global risk appetite improves.

Why It Matters: Rupee hits record low of 91 against dollar due to FII selling and trade uncertainty, with further pressure expected.