Rupee slips to 89.46: What's going on with the currency?
The rupee opened at 89.45 against the US dollar on Monday and quickly dipped to 89.46, continuing its slide for 2025—down by 2.84% over the last 12 months.
Why does it matter? When the rupee drops, imports like fuel get pricier, which can push up inflation and hit everyone's wallet.
Why should you care?
Big investors pulled nearly ₹3,800 crore out of India just last Friday, amid ongoing India-US trade tensions.
That nervousness is weighing on the rupee even as stock markets are hitting record highs.
To make things trickier, global oil prices are up too, adding extra pressure.
What's driving these moves?
Importers still need lots of dollars and investors are playing it safe with all the trade uncertainty around.
The dollar index has eased a bit to 99.44, but analysts think USD/INR will hover between 88.90 and 89.80 for now—with some hope for stability if it stays above support in the 88.80-89.00 range.
So, keep an eye out: what happens next could affect prices you see every day.