The Indian rupee has tumbled to a record low.

Over the past month, the Indian rupee has tumbled to a record low — slipping past the ₹90 per US dollar barrier — as rising trade deficits, heavy foreign-portfolio outflows, stalled US-India trade talks, and dollar strength have weighed on the currency. The depreciation makes imports, foreign travel and education more expensive, squeezes companies that rely on dollar-priced imports, and adds inflationary pressure on everyday goods. At the same time, sectors that earn in dollars — like IT and export-oriented businesses — may see benefits, as their rupee-equivalent earnings boost. Overall, the rupee’s slide reflects global and domestic headwinds, meaning many households and companies may need to brace for higher costs in the near term.