Indian Rupee Crashes Past 90 Against US Dollar, Hits Historic All-Time Low

The Indian rupee (INR) has taken a significant hit, falling to a historic low against the US dollar (USD) and crossing the critical psychological barrier of 90. The currency reached an intraday low of approximately 90.13 per dollar (one dollar is equivalent to BD 0.38), causing widespread anxiety in financial markets. This sharp and ongoing decline is driven by a complex mix of negative factors: ongoing capital outflows by Foreign Portfolio Investors (FPIs) from Indian markets, increased uncertainty linked to unresolved trade discussions between India and the US, the impact of current US tariffs on Indian exports, and a consistently high demand for dollars due to India's rising expenses for essential imports such as crude oil and electronics.

Although the Reserve Bank of India (RBI) has attempted to stabilize the currency by selling dollars, these measures have not been enough to counter the prevailing negative sentiment. The depreciation of the rupee is likely to directly affect the average Indian citizen by making crude oil and other imports considerably more expensive, leading to heightened domestic inflation and increased costs for education and travel abroad.