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( As on 04/12/2025 10:11)

Rupee slumps 28 paise to 90.43 against US dollar in early trade

The rupee dropped 28 paise to a fresh all-time low of 90.43 against the US dollar in early Thursday trading, weighed down by heavy foreign institutional investor outflows and limited intervention from the Reserve Bank of India.

According to forex traders, the RBI’s cautious stance ahead of the crucial Monetary Policy Committee (MPC) announcement, coupled with strong dollar demand from importers, has kept sustained pressure on the domestic currency.

At the interbank foreign exchange market, the rupee opened at 90.36 and later weakened to 90.43 per dollar in initial trades, marking a 28-paise decline from its previous close.