Re hits all-time low of 89.61 against USD

THE rupee, the worst among its Asian peers and has hit many lifetime lows this year, tumbled to a new all-time low on Friday, breaching the psychologically sensitive 89-mark for the first time.

- BENN KOCHUVEEDAN @ Mumbai

The currency plunged to 89.61 intraday and closed at 89.43 — losing as many as 87 paise — to a dollar on Friday. This is the worst single-day fall since May 8, 2025.

The continuing pain of the currency, which has so far lost a 4.6% year-to-date, is due to a slew of factors such as continuing selloff by foreign funds, a rising dollar and higher domestic demand for the greenback, along with the missing clarity on a trade deal with the US.

Traders are expecting the next low for the rupee at 90.