Indian rupee sinks to all-time low against US dollar

Business Nov 21, 2025

The Indian rupee just hit a new record low, dropping to 89.50 against the US dollar on Friday.
This is its steepest single-day fall in over three months—the currency opened at 88.67 and slid by 78 paise from Thursday's close, showing how quickly things can change in the forex market.

What's driving the drop?

The slide matches what's happening globally: the US dollar got a bit stronger, oil prices dipped, and India's stock markets took a hit too—Sensex fell by 360 points and Nifty by over 100.
Even though foreign investors recently put big money into Indian stocks, it wasn't enough to hold back the pressure on the rupee this time.