Indian Rupee Hits All-Time Low: Currency Approaches 92 Mark Against US Dollar

So far this year, the Rupee has shed 2% of its value, with a nearly 5% drop since August following the US tariff hike on Indian exports. Leading investment bank Goldman Sachs predicts the currency could further weaken to 94 against the greenback within the next 12 months. Although India reported a strong GDP growth of 8.2% for the September quarter, geopolitical pressures are outweighing domestic economic strength.

To stabilize the currency, the Reserve Bank of India (RBI) has intervened by selling dollars. However, this move is tightening liquidity and driving up bond yields, creating a "policy trilemma" for the central bank. Experts suggest that balancing currency stability with interest rate management remains a formidable challenge for India in the current global trade climate.