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 fell to fresh record lows against the US dollar on December 15, pushing the INR/USD price to roughly $0.0110 per ₹1 (about 1.10 US cents) and taking USD/INR into the ₹90.7–₹90.8 per $1 zone—a level that has become the market’s new focal point. Reuters+2Reuters+2 While the US dollar has broadly softened in recent weeks, the rupee hasn’t enjoyed the usual relief. Instead, a mix of trade-policy uncertainty, persistent foreign outflows, hedging demand from importers, and a “managed” approach to volatility from the Reserve Bank of India (RBI) has kept USD/INR biased higher. Reuters+1 INR/USD price today: where the rupee stands on Dec. 15 In