The Indian Rupee (INR) has hit a record low against the US Dollar (USD), trading at approximately 90.30 in the early session on Wednesday. This marks the third consecutive day of losses for the INR, driven by increasing concerns over India’s fiscal deficit and a significant outflow of foreign investment. The deteriorating exchange rate has raised alarms in the forex market, affecting trader sentiment.
As the USD/INR currency pair continues to weaken, market participants are closely monitoring the implications of this depreciation. The rising fiscal deficit is prompting speculation on potential policy responses from the Reserve Bank of India, which may impact future trading strategies. With foreign outflows intensifying, the pressure on the INR could lead to further volatility in the forex market if corrective measures are not implemented soon.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 07:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.