Indian rupee steadies after record low amid trade worries
The Indian rupee just bounced back a bit after hitting an all-time low of 90.55 per US dollar this week, closing at 90.4150.
This small recovery came after the Reserve Bank of India stepped in and Prime Minister Modi spoke with US President Trump about easing tariffs on Indian exports.
Still, experts warn the rupee could slip further as economic pressures and tricky trade talks continue.
Why is the rupee struggling?
So far in 2025, the rupee has dropped over 5% against the dollar—making it Asia's worst performer this year.
The main reasons? Ongoing US tariffs on Indian goods and stalled trade negotiations between India and the US (talks broke down in July but have recently restarted).
The rupee's also lost ground to other currencies like China's yuan, and analysts say if things don't improve, it could fall to 93 per dollar within a year.