Rupee Hits Record Low at 90.74 Against Dollar Amid Trade Deal Uncertainty

The Indian rupee plunged to a historic low of 90.74 against the US dollar on December 15, 2025, amid trade deal uncertainty and capital outflows, making it Asia’s worst-performing currency while investor concerns persist.

Post Published By: Karan Sharma
Updated : 15 December 2025, 5:31 PM IST
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New Delhi: On December 15, 2025, the Indian rupee touched its all-time low of 90.74 (provisional) against the US dollar. The rupee fell to 90.80 during the day and finally closed with a loss of 25 paise. This decline was primarily due to uncertainty surrounding the India-US trade deal and continuous outflows of foreign funds.

Market fear and increased demand for the dollar

Foreign exchange traders said that risk-averse sentiment in the market and strong demand for the dollar from importers exacerbated investor pessimism. In the interbank foreign exchange market, the rupee opened at 90.53 and fell to a record low of 90.80 during the day.

Indian rupee weakens against dollar; Here’s the latest trend

Worst-performing currency in Asia

According to experts, this sharp decline has made the rupee the worst-performing currency in Asia. Dilip Parmar, Research Analyst at HDFC Securities, said that high demand for the dollar and continuous capital outflows are preventing the rupee from strengthening. According to technical analysis, the USD-INR pair has immediate support at 90.50 and resistance at 90.95.

Rupee continues to fall

Rupee continues to fall

Status of the India-US trade deal

Commerce Secretary Rajesh Agarwal stated that India and the US are "very close" to finalizing the framework of a trade agreement. Two types of negotiations are underway between the two countries: a framework agreement, which will address high tariffs, and a comprehensive bilateral trade agreement (BTA). Indian industries and exporters are eagerly awaiting this agreement, as high import duties are affecting their exports to the US market.

Economic indicators and the stock market

Brent crude futures were trading 0.21% higher at $61.25 per barrel. In the domestic stock market, the Sensex closed down 54.30 points at 85,213.36, and the Nifty closed down 19.65 points at 26,027.30.

Rupee slips to 90.09 against dollar; Why the fall despite RBI rate cut?

Foreign institutional investors sold shares worth ₹1,114.22 crore on Friday. ​​Meanwhile, according to the Reserve Bank of India's report, India's foreign exchange reserves increased by $1.033 billion as of December 5, reaching $687.26 billion.

This decline in the rupee is due to foreign capital outflows and increased demand for the dollar. While the prospects of a trade agreement might offer some relief, experts believe the rupee is likely to remain weak in the near term.

Location : 
  • New Delhi

Published : 
  • 15 December 2025, 5:31 PM IST

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