Thu Dec 11 04:25:42 UTC 2025: Here’s a summary of the provided text, followed by a rewritten news article:

Summary:

On December 11, 2025, the Indian Rupee plunged to a record low of 90.48 against the US Dollar. This was spurred by reports that the India-U.S. trade deal is unlikely to be finalized until March 2026, according to Chief Economic Advisor V. Anantha Nageswaran. Negative market sentiment, strong dollar demand, rising U.S. and Japanese yields, and Mexico’s planned tariffs on goods from Asian countries also contributed to the Rupee’s decline. Despite the Rupee’s struggles, Indian stock markets were up.

News Article:

Rupee Plummets to Record Low Amid Trade Deal Delays

Mumbai, December 11, 2025 – The Indian Rupee suffered a significant blow today, hitting an all-time low of 90.48 against the U.S. Dollar during intraday trading. The sharp decline was triggered by reports suggesting that the long-anticipated India-U.S. trade agreement is now unlikely to be finalized before March 2026.

Chief Economic Advisor V. Anantha Nageswaran’s comments have dampened market expectations, contributing to a risk-averse sentiment among investors. Strong demand for the U.S. Dollar from importers further exacerbated the Rupee’s woes. Rising yields in the U.S. and Japan are adding pressure on the currency. Furthermore, Mexico’s announcement of potential tariffs of up to 50% on goods from Asian countries, including India, also weighed on investor confidence.

Despite the Rupee’s downward spiral, the Indian stock market showed resilience. The Sensex was up 443.66 points, trading at 84,834.93, while the Nifty gained 141.05 points, reaching 25,899.05. However, Foreign Institutional Investors (FPIs) continued to sell equities, offloading ₹1,651.06 crore worth on Wednesday.

Meanwhile, U.S. Trade Representative Jamieson Greer recently indicated that the U.S. has received promising offers from India regarding the trade agreement. However, resistance remains within India concerning certain agricultural products, including row crops and meat. Negotiations between the two countries are ongoing.

Analysts are closely watching the situation, with the dollar index trading slightly lower after the FED rate cut.

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