📉 INR Update: Rupee Still Hovering Near Record Lows

The Indian rupee is still under pressure after breaking past the ₹90 mark earlier this week. The currency is trading close to ₹90.11 per USD, not far from the recent all-time low of ₹90.14.

Despite strong economic growth numbers, the rupee remains weak because of continued foreign portfolio outflows, a wide trade deficit, and global dollar strength. Analysts say these external factors are outweighing India’s solid domestic fundamentals.

In short: the rupee hasn’t recovered, and import-related costs may stay elevated unless flows turn positive again or the dollar cools down.

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