Rupee Plummets to All-Time Low! 📉 Dollar Surges, What It Means For Your Investments

Overview

The Indian Rupee hit an all-time low of 89.48 against the US Dollar on Friday, November 21. This sharp depreciation, nearly 80 paise from the previous day, is driven by weak global risk sentiment, lower expectations of a US Federal Reserve rate cut, and US tariffs on Indian exports. Foreign investors have pulled $16.5 billion from Indian equities this year, making the rupee a weak performer in Asia. The Reserve Bank of India's reduced intervention and steady importer demand for dollars also contributed to the slide.