Rupee Hits Record 90.13 Against Dollar Before RBI Meet

The Indian rupee opened at a historic low today, breaching the 90-mark against the US dollar for the first time. After beginning at 89.96, it quickly slipped to 90.13 amid foreign outflows and uncertainty over stalled India-US trade talks. Experts warn that if the RBI relaxes its defence around the 90-level, the currency could fall further toward 91. The RBI’s Monetary Policy Committee meets today, with the rate decision due on December 5, just days ahead of the US Fed policy announcement.

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