TODAY'S TEN: Rupee breaches 90 — and India feels the tremor
By Pragadish Kirubakaran and Meena R Prashant in Media News on Thursday, 04th December 2025 at 4:08pm
Image Edited by Dinesh Raj M
The rupee finally crossed a line economists hoped it wouldn’t. Sliding past the psychologically loaded 90-per-dollar mark, the currency hit an intraday low of 90.29 before closing at 90.19. On paper it’s just another number; in the real economy it’s a signal — of trade anxieties, foreign exits, tariff shocks and a market whose old correlations have quietly snapped. As policymakers preach calm and investors scan for red flags, the question shifts from why the fall to what the fall sets in motion.
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Times of India traces the speed of the slide: a 5.5 per cent weakening since Donald Trump’s reciprocal tariff announcement on April 2, $17 billion in FPI withdrawals this year, and record bullion-led impo...
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