Anthony Joshua doubled down on his controversial "kill" comments to Jake Paul after being challenged on the comments at a news conference in Miami on Wednesday. The remarks were first made on Tuesday when Joshua was asked whether he would hold back against Paul
Rupee Hits Fresh All-Time Low, Falls To 89.79 Vs US Dollar: Will It Breach 90-Mark?
Rupee Hits Fresh All-Time Low, Falls To 89.79 Vs US Dollar: Will It Breach 90-Mark?
Rupee Vs Dollar Today: The Indian rupee slipped to a fresh lifetime low on December 1, weakening to 89.76 against the US dollar despite India's strong Q2 GDP print. The currency broke past its previous record of 89.49 touched about two weeks earlier, extending a month-long slide.
Since November 3, the rupee has depreciated by nearly one rupee against the dollar and is now among the worst-performing major currencies of 2025, faring better only than the Turkish lira and Argentine peso.
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India's robust 8.2% year-on-year GDP growth for July–September lifted equities to fresh record highs and pushed bond yields slightly higher on Monday, but the inflows failed to provide any meaningful support to the currency. Overseas investors sold about $400 million worth of Indian equities on Friday, taking year-to-date outflows beyond $16 billion, while the 10-year government bond yield edged up to 6.553%, near a one-week high, according to Reuters.
Traders also pointed to the maturity of large positions in the non-deliverable forwards (NDF) market as an additional drag on the rupee. Data released after market hours on Friday showed the RBI's forward book had expanded to more than $63 billion in October.
Sentiment has also been weighed down by the absence of progress on the steep 50% US tariffs on Indian exports. Comments from officials last month had raised expectations of a potential reduction, but the lack of a concrete deal has dented trade flows and portfolio investments, leaving the rupee heavily dependent on central bank interventions.
Foreign investors have pulled out over $16 billion from Indian equities so far this year, while India's merchandise trade deficit surged to a record high in October — adding further pressure on the currency as markets watch closely whether the rupee is headed for the psychologically key 90-per-dollar level.
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As the rupee is just 21 paise away from breaching the 90-mark against the US dollar, the pressure is expected to continue on the local currency at the current level.
Anil Kumar Bhansali, head of treasury and executive director of Finrex Treasury Advisors LLP, said, “The rupee has been under pressure as there has been heavy selling by FPIs taking out money, outflows happening as stakes were sold in various companies due to high valuations, oil buying, gold buying, as well as repayments by corporates and the central government. The pressure will continue with the RBI being short of dollars and needing to buy these dollars on the respective due dates."
Source: News18
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Anthony Joshua doubled down on his controversial "kill" comments to Jake Paul after being challenged on the comments at a news conference in Miami on Wednesday. The remarks were first made on Tuesday when Joshua was asked whether he would hold back against Paul
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