INR/USD Price Slides as Rupee Hits Record Low vs US Dollar: What’s Driving USD/INR Today and Where Forecasts See It Going Next (Dec. 15, 2025)
The Indian rupee hit fresh record lows against the US dollar on December 15, closing near ₹90.73 per $1 after touching ₹90.785 intraday. Persistent foreign outflows, trade-policy uncertainty, and increased hedging demand from importers kept pressure on the currency. The rupee is down nearly 6% year-to-date, with foreign investors selling over $18 billion in Indian stocks in 2025.