2025-12-04 12:30:30 pm | Source: Accord Fintech
Rupee hits new low against US dollar on Thursday
The Indian rupee weakened against the US dollar, slumping to a record low of 90.43 in early trade on Thursday amidst restrained intervention from the Reserve Bank of India ahead of crucial MPC decision due Friday, while substantial foreign fund outflows and significant dollar demand from importers also dampened rupee sentiments. Foreign institutional investors sold equities worth Rs 3,206.92 crore on a net basis on Wednesday, exchange data showed. Meanwhile, investors remained cautious amid ongoing trade tensions with the United States.
The partially convertible currency is currently trading at 90.22, weaker by 7 paise from its previous close of 90.15 on Wednesday. The currency touched a high and low of 90.43 and 90.22 respectively.
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