The Indian rupee tumbled to an unprecedented low against the US dollar in Tuesday's trading session, marking a significant setback for the domestic currency. The rupee's weakness was pronounced throughout the day, culminating in a historic closing figure.
Historic Closing and Intra-Day Plunge
At the end of trade on Tuesday, 02 December 2025, the Indian rupee settled at a provisional record low of 89.95 against the US dollar. This represented a steep decline of 42 paise from its previous closing level. The currency's downward trajectory was severe enough to see it breach the psychologically significant 90 per US dollar mark during intra-day trading, highlighting intense selling pressure.
Key Details of the Market Movement
The rupee's sharp depreciation reflects a combination of global and domestic headwinds impacting the forex market. The intra-day breach of the 90 level is a critical development that analysts and traders will be monitoring closely for future trends. The provisional closing figure of 89.95 stands as the weakest finish for the rupee in its history against the greenback, based on the data released.
Implications and Market Outlook
This record-setting slump has immediate implications for India's economy, potentially affecting import costs, inflation, and corporate balance sheets with foreign exposure. The scale of the fall—42 paise in a single session—signals heightened volatility and bearish sentiment surrounding the rupee. Market participants are now keenly awaiting further cues that could determine whether this marks a new trading range for the currency or if interventions might stabilize its value.
