Indian rupee has fallen to a historical low, the national currency her Indiaamid concerns about the impact of 50% US duties on the country’s economic growth and corporate profits.
The currency fell up to 0.6% to 88,1712 per dollar, breaking the previous historical low of 87,9563 in February. Rupia is the Asian currency with the worst performance this year, pressured by the constant outflows of foreign capital from local shares. The Indian currency is under pressure as young people duties The US has come into force this week, targeting export intensity industries, such as textiles, footwear and jewelry. Citigroup Inc. He estimates that duties could reduce India’s annual development by 0.6-0.8 percentage points, according to Bloomberg.
The highest US duties could be a new threat to India’s already fragile economic recovery, with the weakening of Rupia enhancing the risks of imported inflation. World funds have withdrawn more than $ 13 billion from local shares this year amid weak corporate profits, while three interest rates from India’s central bank have eroded currency support.
“The general message is that INR is undergoing, as the duties remain,” said Michael Wan, a foreign currency analyst at MUFG Bank Ltd. “I think RBI probably remains quite active around the current levels.”
The data to be published on Friday (29.8.25) are expected to show that the gross domestic product probably increased by 6.7% in the June quarter, but that number may be increased due to exporters who expedite the missions after the temporary cessation of the Mutual Trust.
“There will be some volatility in the currency due to the increased uncertainty about tariffs. Rupia’s fluctuations were smaller than coins in some other countries, such as the US, “said RBI commander Sandzai Malotra to reporters earlier this month after keeping interest rates unchanged.