Rupee sinks to fresh low on outflows, trade impasse

THE RUPEE SLIPPED to anew record low on Thursday due to foreign capital outflows and delay in a trade deal with the US.

- CHRISTINA TITUS

Intra-day, it fell to 90.49, before closing at a fresh low of 90.37,down 39 paise from the previous session.The rupee has fallen 5.74% so far in the current fiscal, the worst in three years. It continues to be the Asia’s worst-per-

forming currency in FY26.

Kotak Securities sees the currency at 91 perdollarby the end of the month while Nuvama Institutional expects the rupee to fall to 91.50 over the next two-three months.