Indian rupee slips close to record low—what's going on?
The rupee has dropped to around 89.22 per US dollar this November, down about 3.5% between end-March and end-October.
This slide is mostly because the US dollar is strong right now, US interest rates remain high, and global factors such as US tariffs, gold imports, and capital outflows are affecting the rupee's value.
Why does this matter?
A weaker rupee can make imports like gadgets and travel more expensive for everyone.
The RBI tried to step in—selling $38 billion in foreign exchange since January—but global trade worries and tariffs are still weighing on the currency.
What are investors doing?
There's a mixed vibe: foreign direct investment jumped to $24 billion, but at the same time, some investors pulled out $205 million from April to November.
It shows people are hopeful about India long-term but cautious with their money as global uncertainty continues.