On Wednesday (December 3, 2025), the Indian rupee has crossed the psychologically important 90-per-dollar mark in the first time ever, and was trading at 90.21 (provisional) at the end of the day marking a new record low. This was a 25-paise drop in its last close due to continuous foreign outflow of funds, high price of crude oil and an increase in uncertainty over the long pending India-U.S. trade accord.
As currency traders assert, the fact that no apparent measures were taken by the Reserve Bank of India (RBI) added to the depreciating pressure on the domestic currency. The rupee dropped to an overall intraday low of 90.30 at the interbank foreign exchange market as it opened at 89.96 and quickly depreciated in the market to reach its all-time low of 90.30 but was slightly stabilised by the end of the day.
The decline in the rupee was witnessed when the domestic economic statistics provided some optimistic signs. The HsBC India Services HSBC PMI Business activity index was seasonally adjusted to 59.8 in November, compared with 58.9 in October, indicating a high growth with a significant rise in new business orders.
Internationally, the U.S. dollar index which is the dollar relative to a collection of main currencies was trading down by 0.20 per cent at 99.16 providing little relief to the emerging market currencies. In the meantime, Brent crude futures fell 0.91 per cent to 63.02 per barrel, but the issue of volatility in the supply remains a big burden to the Indian import bill.
The Indian equity markets were also observed to close the session on a subdued note. The Sensex dropped by 31.46 to close at 85,106.81 and the Nifty went down by 46.20 to close at 25,986.98 with the investors acting with a lot of caution.
The selling spurt by Foreign Institutional Investors (FIIs) resumed on Tuesday (December 2) with the investors disposing a total of 3,642.30 crore in equities, according to exchange data.
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