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Indian rupee hit a record low of 91.08 against the US dollar on December 17 but quickly recovered to 90.16 by 9:40 AM, marking a volatile trading session.
India Rupee Vs US Dollar Today
India Rupee vs US Dollar: Indian rupee opened at a fresh record low of 91.08 against the US dollar on Wednesday, December 17, down 0.05% from the previous close.
Following the record low opening, rupee witnessed a sharp recovery. At 9:40 AM, the rupee was trading at 90.15, according to CCIL data.
“Uncertainty surrounding trade negotiations and sustained selling by foreign investors continue to weigh on sentiment, keeping firm pressure on the currency,” said Amit Pabari, Managing Director at CR Forex Advisors.
He added that with the dollar also under pressure, any positive development on trade talks could quickly help stabilise market sentiment.
Amid the ongoing slide, the rupee has emerged as the worst-performing currency in Asia so far this year, with a year-to-date depreciation of 5.97 percent. This compares with declines of 3.53 percent in the Indonesian rupiah, 1.37 percent in the Philippine peso, 0.56 percent in the South Korean won and 0.13 percent in the Hong Kong dollar.
“The RBI conducted a swap yesterday, infusing Rs 45,000 crore into the system, and is set to buy bonds on the 18th to inject another Rs 50,000 crore of liquidity. Today’s opening also appears weak for the rupee, and we may see a gradual move towards the 92 level in the coming days. With no signs of a trade deal between India and the US, equities have struggled to clear all-time highs even as other markets have managed to do so,” said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP.
On December 16, the domestic currency closed at a record low of 91.0325 against the US dollar.
Click here to add News18 as your preferred news source on Google. December 17, 2025, 09:33 IST
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