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Currency Buzz: Rupee continues to loiter beyond historic Rs 90/$ mark; Uptick in local equities likely to cap further downside
04-Dec-2025 11:57

The Indian rupee continues to loiter beyond the 90-a-dollar level on Thursday, after having breached the level for the first time ever to settle at a fresh all-time low of 90.21 yesterday. INR opened at Rs 90.36 per dollar and slipped to a low of 90.43 so far during the day. Sustained foreign fund outflows, higher crude oil prices, uncertainty over the India-US trade deal along with the lack of Reserve Bank of India (RBI) effort to stop the slide in the local unit is adding further pressure on the local unit. However, positive momentum in local equities could cap downside in the domestic currency. Indian shares were flat to slightly higher on Thursday ahead of the Reserve Bank of India's interest-rate decision and policy guidance due on Friday. The benchmark BSE Sensex was up 139 points, or 0.2 percent, at 85,245 in early trade, while the broader NSE Nifty index rose by 38 points, or 0.2 percent, to 26,023.

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