The rupee is one of Asia's worst performers, having fallen over 5% against the dollar year-to-date, as steep U.S. tariffs of up to 50% on Indian goods crimp exports to its biggest market, taking the sheen off its equities for foreign investors.
The currency hit an all-time low of 90.29 against the dollar on Wednesday, before closing at 90.19, down nearly 0.4% on the day. The rupee's decline from 85 to 90 took a little under a year, or less than half the time it took to fall from 80 to 85.
I went a bit too early to say the rupee had hit all time high on Tuesday, which it did and another ATH came on Tuesday. Now that Ruppe is trading at about 90, I'm proud to have only a few in cash in my pocket.
But I also suspect whether the dollar is getting stronger in reality!