India Markets Today: Rupee Breaks 91 per Dollar, Stocks Slip as Trade-Talk Uncertainty Collides With a Deal-and-Realty Wave
On December 16, 2025, India’s financial markets were forced to juggle two powerful (and competing) narratives: The result: a classic “macro vs micro” day—macro pressure from FX, flows, and trade policy uncertainty… meeting micro momentum from corporate actions, listings, and sector upcycles (including real estate). Rupee crosses 91: what happened, and why it mattered immediately The rupee breached ₹91/$ on Tuesday and extended its run of record lows, with market participants pointing to heavier hedging demand, portfolio outflows, and continued uncertainty around U.S.–India trade negotiations. Reuters By the close, Indian market updates widely tracked the rupee finishing around ₹91.03 per