Rupee plunges to record 90.47 vs US Dollar

• Indian rupee hit a new record low of 90.47 against the US Dollar on December 11, deepening its fall past the 90-per-dollar mark.
• The rupee has fallen over 5% in 2025, primarily due to US tariffs of up to 50% on Indian goods, impacting exports and local equities.
• Despite a weaker dollar, demand from foreign and local private lenders, along with structural headwinds like higher tariffs and US yields, pressured the rupee.
• Uncertainty regarding the Fed's future policy, delays in the India-US trade deal, and reduced RBI intervention contributed to the rupee's volatility and decline.
• Analysts predict the rupee will remain in a downtrend, with 90.70 as the next key level to watch.

Why It Matters: Record low rupee signals economic strain for India, impacting trade and investments.