Indian Rupee Hits Record Low, Slips Past 91-mark- The surprising losers who won't speak up - Black Money Holders
The Indian rupee plunged to a fresh all-time low of ₹91.14 against the US dollar on Tuesday, December 16, 2025, depreciating by 36 paise during afternoon trade. This marked the fourth straight session of record lows, driven by relentless outflows from foreign institutional investors (FIIs) and growing doubts over a potential India-US trade agreement. As global markets grapple with geopolitical tensions and shifting trade dynamics, the currency's slide signals deeper vulnerabilities in India's external balances. Key Drivers Behind the Rupee's Depreciation FIIs have been net sellers of Indian equities and debt for weeks, offloading over $2.5 billion in assets since early December amid rising US bond yields and a stronger dollar index. This capital flight has intensified pressure on the rupee, which has weakened by nearly 5% year-to-date. Uncertainty surrounding the India-US trade deal exacerbates the situation. Negotiations, aimed at reducing tariffs and boosting bilate...