Rupee Crashes to INR 90.52 per Dollar: Record Lowest Ever...

- It has fallen by more than 5% this year, marking a major psychological and economic milestone. - The government says the situation is under watch but not alarming. - However, foreign investors are withdrawing money from Indian stocks already.

Adepu Bindu

12 Dec 2025 — 2 min read

Rupee Crashes to INR 90.52 per Dollar: Record Lowest Ever...

The Indian rupee is falling in value against the US dollar. The value crossed INR 90 per dollar, which is a massive psychological and economic milestone. Notably, the Rupee lost over 5% this year. Today, the exchange rate reached a new record low of INR 90.52 per dollar. What caused the latest rapid decline? How will this fall impact the economy? What's the government's (Indian) view about? For all that, learn more.

What Caused the Latest Rapid Fall of the Rupee? (Key Reasons)

It's important to note that the rupee started falling even faster around December 3, when it went below INR 90 because:

Foreign investors began withdrawing capital from Indian stock markets (equity outflows).
Foreign investors are also selling Indian assets (FPI outflows).
Growing uncertainties about the India–US trade deal and geopolitics.
Apparently the global demand for the US dollar is very high causing the rupee to fall weak.
High U.S. bond yields (indicating capital flows back to the U.S.).
Harsh 50% US tariffs on Indian goods.

What Is the Impact of the Rupee Falling Against the Dollar?

According to experts, there is no harsh impact on the economy. They believe that this fall has been slow and orderly, unlike the sudden crashes:

1991 Indian economic crisis.
Global Financial Crisis.
COVID-19 shock.
Russia-Ukraine war.
India’s twin-balance sheet problem (in the mid-to-late 2000s, peaking around 2012-2015).

Moreover, India's economy is currently stronger and more stable.

The Indian Government’s View of the Rupee Fall

Chief Economic Advisor V. Anantha Nageswaran is confident in the Indian economy.

“It will come back next year. Right now, it's not hurting our exports or inflation. I am not losing my sleep over it. If it has to depreciate now, probably it is the right time.”

RBI’s Role in the Rupee Fall Against the Dollar:

RBI has been proactive in combating the fall.
Apparently, it is only doing limited interventions at certain levels.
May make a major announcement in the December monetary policy.

Latest update (December 12, 2025)

The rupee hit a fresh lifetime low of INR 90.52 and lost over 5% altogether this year.

Rupee Fall Timeline (How many days it took to drop between levels)

Rupee Level Drop	Days Taken
INR 85 → INR 90	231 days
INR 80 → INR 85	542 days
INR 75 → INR 80	608 days
INR 70 → INR 75	382 days
INR 65 → INR 70	1,198 days
INR 60 → INR 65	42 days (fastest earlier)
INR 55 → INR 60	268 days
INR 50 → INR 55	846 days
INR 45 → INR 50	45 days
INR 40 → INR 45	143 days

Recent Rupee Performance (2024–2025)

Item	Data
Rupee depreciation (Dec 2024–Dec 2025)	4.76%
New record low	INR 90.52/USD (Dec 12, 2025)
Previous records	INR 90.46 (Dec 11), INR 90.42 (Dec 4)
Asia ranking	Worst-performing currency
Comparison: Indonesian Rupiah	–3.4%
Comparison: Philippine Peso	–2.3%
Comparison: Hong Kong Dollar	–0.18%
The rupee has fallen this year	Over 5%