The painful year for the Indian rupee continues as it’s now trading at record lows versus the US dollar.
It’s early in the Indian trading day but it’s proving to be a tough one. The Rupee finished at 89.87 but opened lower and has now touched 90.03. It’s the first time it’s ever taken 90 rupee to buy a US dollar.
The good news for tariff-hit exporters is that the rupee is down 7% since Trump’s Liberation Day tariffs, helping to blunt the blow.
This article was written by Adam Button at investinglive.com.