Rupee slumps 32 paise to all-time low of 89.85 against U.S. dollar in early trade

The rupee depreciated 32 paise to an all-time debased of 89.85 against the U.S. dollar successful aboriginal commercialized connected Tuesday (December 2, 2025), weighed down by the wide spot of the American currency successful overseas markets and persistent overseas money outflows.

Forex traders said beardown dollar request from corporates, importers and overseas portfolio investors pressurised the rupee. Moreover, elevated crude lipid prices further dented capitalist sentiments.

At the interbank overseas exchange, the rupee opened astatine 89.70 against the U.S. dollar earlier dropping to grounds debased level of 89.85, down 32 paise from its erstwhile close.

On Monday (December 1, 2025), the rupee aft sinking to 89.79 successful intraday trade, settled astatine 89.53 against the U.S. dollar.

"The Reserve Bank of India (RBI) has been selling dollars successful the market, but it has besides bought dollars erstwhile Indian rupee roseate frankincense keeping the request intact," said Anil Kumar Bhansali, caput of treasury and enforcement manager Finrex Treasury Advisors LLP.

Mr. Bhansali further noted that, the fundamentals of the Indian system similar a precocious Gross Domestic Product (GDP) maturation of 8.2% person been overweighed by the dollar demand.

"The uncertainties surrounding the India-U.S. commercialized woody person not helped the matters and person really aggravated the dollar buying syndrome," Mr. Bhansali said.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading astatine 99.41.

Brent crude, the planetary lipid benchmark, was trading little by 0.03% astatine $63.15 per tube successful futures trade. On the home equity marketplace front, the benchmark delicate scale Sensex declined 223.84 points oregon 0.26% astatine 85,418.06, portion the Nifty was trading little by 59 points oregon 0.23% astatine 26,116.75.

Foreign Institutional Investors (FIIs) sold equities worthy ₹1,171.31 crore connected Monday (December 2, 2025), according to speech data.