The Indian Rupee (INR) continued its downward trajectory against the US Dollar (USD) on Wednesday, reaching a new all-time low of 90.30 during the initial trading session. This marks the third consecutive day of losses for the currency pair, primarily driven by concerns over India’s escalating fiscal deficit and significant foreign capital outflows.
Market sentiment remains fraught as investors grapple with rising fiscal pressures, contributing to the INR's decline. The exchange rate dynamics suggest that unless there are immediate corrective measures or improvements in foreign investment inflows, the Rupee may face further depreciation in the near term. The ongoing volatility in this currency pair underscores the challenges facing the Indian economy amidst global financial fluctuations.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 07:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.