Rupee Faces Uncertainty Amid Trade Talks, Outflows
Update: 2025-12-22
Description
The Indian rupee continues to struggle, trading around 89.6 to the dollar, as banks buy dollars and global markets show risk appetite. This year, its Asias worst performer, sliding from 85.64 at the start of the year and recently breaching the key 90 mark. Stalled U.S.-India trade talks and massive foreign investor outflows of over $10 billion are major drags. Experts predict the rupee could hit 92 by March without a trade breakthrough, warning prolonged uncertainty fuels outflows and hits growth. A weaker rupee boosts export competitiveness but raises import costs and risks higher prices. Foreign investors pulled nearly $18 billion from stocks this year, staying bearish amid trade worries and government finances. Indias central bank intervened mid-week to steady things, but the currencys fate remains tied to reversing outflows and sealing a trade pact.
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