Rupee Hits Record Low of 90.33 Against US Dollar Amid Trade Deal Uncertainty

By A Staff Reporter

The Indian rupee tumbled to a fresh all-time low on Thursday, closing 39 paise weaker at 90.33 against the US dollar (provisional), as uncertainty surrounding the India-US trade deal rattled investor sentiment and triggered renewed pressure on the domestic currency.

Forex analysts said the prolonged delay in concluding the bilateral trade agreement has clouded market expectations, prompting traders to adopt a cautious approach. “Investors are turning risk-averse as clarity on the trade front remains elusive. This is directly feeding into a weaker rupee,” said a senior currency dealer at a Mumbai-based brokerage.

Adding to the pressure, persistent foreign fund outflows continued to weigh heavily on the Indian currency. Global risk sentiment has also remained fragile, with markets reacting to concerns over geopolitical tensions and tightening financial conditions.

The rupee opened the day on a weak note and remained under selling pressure throughout the session, tracking losses in regional currencies and a firm US dollar index.