News

Rupee collapses beyond 90 per USD for first time ever: What this means for D-St investors

The Indian rupee weakened past the 90-per-dollar mark for the first time ever, reaching 90.13 on Wednesday a new record low. This follows five straight days of decline, despite efforts by the Reserve Bank of India to intervene. The fall reflects ongoing weakness in capital inflows, strong demand from importers, and uncertainty over a US-India trade deal.