On December 3, 2025, the Indian rupee closed at a record low of 90.19 per US dollar, down 0.36 percent from the previous close. Meanwhile, the Nifty 50 index provisionally ended 0.18 percent lower, reflecting cautious investor sentiment amid global uncertainties and persistent foreign outflows.
India’s financial markets closed on a weak note today, with the rupee breaching the crucial 90-mark against the US dollar for the first time at closing levels. The currency settled at 90.19, marking its lowest-ever close, pressured by foreign portfolio outflows, dollar demand from importers, and uncertainty surrounding the stalled India-US trade deal. The Reserve Bank of India was reported to have intervened to moderate volatility, though its actions remained limited.
Equity markets also mirrored the cautious mood. The Nifty 50 index provisionally ended 0.18 percent lower, trimming intraday losses but still reflecting weakness across banking and PSU stocks. Broader indices also remained subdued, with midcaps and smallcaps under pressure.
Key highlights from the announcement include
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Indian rupee closed at 90.19 per US dollar, down 0.36 percent from the previous close.
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This marks the lowest-ever closing level for the rupee.
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Persistent foreign portfolio investor outflows weighed heavily on the currency.
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Uncertainty around the India-US trade deal added to market pressure.
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The Nifty 50 index provisionally ended 0.18 percent lower.
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Banking and PSU stocks dragged indices, while IT majors provided some cushion.
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Broader markets also remained weak, reflecting cautious investor sentiment.
The record rupee weakness and equity market decline highlight the challenges posed by global headwinds, trade uncertainties, and capital outflows. Market participants now await the Reserve Bank of India’s policy decision for cues on currency and liquidity management.
Sources: Reuters, The Week, Indian Express, Pragativadi, Livemint