Today, the rupee hit a new all-time low, falling by 10 paise to ₹85.27 against the dollar.

On Thursday, the Indian currency opened on a weak note at ₹85.27 against the dollar. Investors’ sentiment was impacted by the soft trend in domestic stock markets, increased demand for dollars from importers, and foreign capital outflows.

Reportedly, since Donald Trump’s victory in the elections, the rupee has been rapidly depreciating.

On Tuesday, the rupee fell by 4 paise, hitting a record low of ₹85.15 against the US dollar.

Reports suggest that the dollar is likely to continue rising until Trump’s new economic policies are revealed.

On December 19, Indian rupee fell 18 paise to all-time low of 85.12 against the US dollar on the National Stock Exchange (NSE) over Federal Reserve’s hawkish commentary on rate cut outlook. 

The US Fed meeting which was held on Wednesday, shifted its focus towards maximum employment and price stability, the FOMC (Federal Open Market Currency) halved the number of rate cuts expected for 2025.

After the US Fed’s decision, there was a strong rally in the dollar and the dollar index crossed the 108 level. Apart from the Indian currency, its effect was also seen in other foreign currencies.

The Indian currency opened on a weak note at ₹85.06 against the dollar. Investors’ sentiment was affected by the soft trend of domestic stock markets, demand for dollars from importers, and foreign capital withdrawal.

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