Rupee hits record low against dollar: What's next?
The Indian Rupee just hit a record low—over ₹88 to the dollar in 2025.
Even though the US dollar has been weaker, India's currency took a hit from new 25% US tariffs on exports, penalties for Russian oil imports, and a big $16.6 billion pullout by foreign investors.
With March 2026 around the corner, everyone's watching what happens next as global interest rates and trade patterns shift.
RBI takes measured approach, selling $3.9 billion in August
Instead of jumping in with heavy-handed moves, the Reserve Bank of India (RBI) is taking a more thoughtful approach.
They sold about $3.9 billion in August but had already built up $39 billion in reserves earlier this year—so they're choosing to steady the ship without burning through all their dollars at once.
This marks a shift from past habits, focusing on long-term stability and letting market forces play out rather than chasing quick fixes.