The Indian rupee weakened all-time low of 90.70 against the US dollar on Monday (December 15), weighed down by uncertainty over an India–US trade deal and persistent foreign fund outflows.
The currency has remained under pressure as investors adopt a wait-and-watch approach amid the lack of clarity on trade negotiations. Forex traders said the rupee continues to trade with a negative bias, with capital flows offering little support.
On Friday (December 12), the rupee had already closed at an all-time low of 90.49, extending its recent downtrend.
On a year-to-date basis, the rupee has declined over 5.6%.
Foreign institutional investors remained net sellers of Indian equities, offloading shares worth ₹1,114.22 crore on Friday (December 12), according to exchange data. Persistent outflows from both equity and debt markets have added to pressure on the currency.
“The flow picture remains unfavourable, with foreign portfolio investors continuing to sell while the RBI has been supplying dollars to manage volatility,” said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP.
Broader market cues were mixed. The dollar index, which tracks the greenback against a basket of six major currencies, edged 0.05% lower to 98.35.
Brent crude prices rose 0.52% to $61.44 per barrel, adding to concerns over India’s import bill.
Market participants said the rupee’s near-term trajectory will continue to depend on developments on the trade front, foreign fund flows and global risk conditions.
–With agencies inputs
First Published: Dec 15, 2025 9:21 AM IST
