Rupee record low: India’s Chief Economics Adviser V Anantha Nageswaran, at the sidelines of a Confederation of Indian Industry (CII) event, said that people should not be worried or lose their sleep over a falling rupee against the dollar, amid the currency touching an all-time low against the US greenback, on Wednesday, 2 December 2025.
CEA Anantha Nageswaran said that people should not lose their sleep as the falling rupee is not hurting India’s inflation or exports to foreign nations, according to a report by the news agency PTI.
On the sidelines of the CII event, CEA Nageswaran also predicted that the Rupee is expected to improve against the US dollar next year (2026), reported the news agency.
Rupee drops below 90
The Indian Rupee on Wednesday, 2 December 2025, dropped below the psychologically important 90 per US dollar mark to hit a fresh record low level over the India-US trade deal uncertainty and trade and portfolio flow weakness.
According to Morningstar data, the Indian Rupee dropped to 90.10 per US dollar, as of 9:11 am UTC or 2:41 p.m. (IST), crossing its previous all-time low level of 89.9475 earlier this week.
Mint reported earlier that the Indian Rupee opened at 89.91 against the US greenback on Wednesday’s currency market session, but soon the domestic currency slipped below the 90 per dollar level during the trading day.
The Indian Rupee is facing multiple pressures which are weighing down on the domestic currency against the US dollar.
According to the report, over the two trading sessions of December 2025, the Foreign Portfolio Investors (FPIs) have offloaded shares worth ₹4,335 crore, increasing the year-to-date (YTD) outflow to ₹148,010 crore.
India’s trade deficit also increased to a record level of $41.7 billion as per the October 2025 data, due to a dynamic surge in gold imports amid the high festive season demand in the country.
As of 2:46 p.m. (IST), the BSE Sensex index was trading 0.10% lower at 85,052.17 points, compared to 85,138.27 points at the previous market close, as the benchmark indices also felt the pressure from a declining rupee.
The Nifty 50 index was trading 0.24% lower at 25,968.55 points as of 2:58 p.m. (IST), compared to 26,032.20 points at the previous market close, according to the exchange data.
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