Rupee hits all-time low of 90 per dollar as foreign outflows and trade deficit mount

The rupee extended its losing streak on Tuesday, closing at an all-time low of 89.95 against the US dollar after briefly breaching the psychological 90-per-dollar mark in intra-day trade.
Experts attribute the decline to foreign fund outflows, a widening trade deficit, and uncertainty over the India-US trade deal.

Currency analysts warn that the dollar may strengthen further, with projections of 92 per dollar if the current global trade, tariff and geopolitical environment persists.
Market operators say the Reserve Bank of India has largely allowed the currency to find its natural level, intervening only minimally.

Rising crude oil prices, weaker industrial output, and declining manufacturing activity have also contributed to pressure on the domestic currency. The rupee's continued slide could make imports costlier and add stress to the economy.

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