Rupee falls below 90/$ 1st time as US tariffs, FII flows take toll

The Indian rupee plunged to a historic low of 90.29 against the US dollar, breaching the 90 mark for the first time. This sharp decline, attributed to US tariffs and significant foreign investor outflows, is now impacting the broader economy. While a weaker rupee makes imports costlier, it could benefit exporters and help manage the current account deficit.