Rupee Plunges Past ₹90 Per Dollar: On Wednesday, December 03, 2025, the Indian Rupee hit a low record of ₹90.14, falling drastically below the critical threshold of ₹90 per US dollar. This significant decline marks a sharp drop from around ₹85 just a year ago — indicating that the rupee has depreciated by approximately 5% (Year To Date).
- Why the Value of Rupee is Declining: Key Drivers
- Foreign Outflows and Weak Capital Inflows
- Trade Imbalance and Import Demand
- Global Dollar Strength and Interest Rate Differential
- No Intervention by RBI
- Weak India-US Relations
- Sector-Wise Consequences and Impact
- Risks and Potential Benefits Involved
- What Do We Need to Understand?
- The Root Cause of Suffering
The historic low record of rupee valuation has raised various serious concerns particularly relating to inflation, rise in import-cost, and potential risk to overall economic stability of the nation.
Why the Value of Rupee is Declining: Key Drivers
Here are a few key drivers contributing in the declining value of rupee per US dollar:
Foreign Outflows and Weak Capital Inflows
Foreign Institutional Investors have pulled out larger volumes from Indian equities. FDI and External Commercial Borrowing remaining weak, reduces the dollar inflows into India.
Trade Imbalance and Import Demand
With the rise in the cost of importing crude oil and other commodities, the global commodity prices increased the demand for USD, thereby weakening INR.
Global Dollar Strength and Interest Rate Differential
Due to global economic turbulence including strong dollar strength, interest rate differential and geopolitical tensions contributing to outflows and risk off sentiments.
No Intervention by RBI
Forex traders said the absence of visible intervention by the Reserve Bank of India (RBI) for most of the trading session further intensified market stress.
Weak India-US Relations
The relationship between the two nations hasn’t been good from the previous months. The rise in the tariff by the US Government, upto 50%, has declined the exports, with imports weakening the overall financial stability of the nation as well.
Sector-Wise Consequences and Impact
| Sector | Impact on India (of Rupee Depreciation) |
| Imports | Especially critical imports including crude oil, electronics, machinery became more expensive. |
| Consumer Prices | There is a significant rise in prices for imported consumer goods showcasing the potential inflation risk. |
| Corporate Debt | The companies with foreign currency debt may see an increase in the cost of debt. |
| Exports | Since Indian goods are becoming cheaper for foreign buyers, the export oriented firms might be benefited. |
| Cost of Capital Goods | Industries dependent upon foreign machineries may face serious consequences due to higher cost. |
Risks and Potential Benefits Involved
Risks and What to Watch
- Rise in import cost, especially for fuel, electronic items and other dollar valued commodities will drastically strain the households budget.
- Firms with foreign currency debt could see financial stress leading to tighter capital expenditure affecting the demand- supply curve.
- In order to prevent inflation, RBI might consider monetary tightening, which could slow growth and raise borrowing costs.
Potential Benefits
- Indian exporters may gain competitive advantage abroad helping in maintaining the trade balance.
- Decline in the value of Rupee may promote Indian industries and startups to grow and expand and incentivise the ‘Make in India’ initiative.
The rupee’s slide past ₹90/US $ reflects deeper structural and external pressures on the Indian economy. Though it is bringing a lot of challenges (inflation, costlier imports) but may prove to be efficient in the long term and open potential opportunities for Indian industries to grow.
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What Do We Need to Understand?
- We will be suffering from an increased cost of everyday household goods and services.
- There is a huge section of people in society who still can afford basic living, this fall in the value of rupee can erode them hard.
- The defence deals and equipment we are procuring worldwide shall cost us even more now, a difference in billions of dollars, hard to imagine.
- Indian Rupee is already regarded as one of the worst performing currencies globally. This plunger of the Indian rupee is making us less financially secure.
- Despite being the 4th largest economy, the declining value denotes that the foreign players are showing less interest in the country’s share market as well.
- Overall, with rupee, the worth of almost everything in the nation comes to a declining mode.
- But have we ever paused to ask: If the very currency we rely on can’t be protected from global forces, how can we truly achieve permanent peace or security in this world? The endless cycle of financial crisis and recovery makes us question the true value of material pursuits.
The Root Cause of Suffering
Jagatguru Tatvdarshi Sant Rampal Ji Maharaj provides a deeper spiritual insight that every form of instability, including economic slowdown, has its root in the karmic account carried by the soul. This world is a mortal domain, ruled by Satan (Kaal Brahm), and is fundamentally defined by decay, scarcity, and suffering — a cosmic law no human policy can reverse.
The financial difficulties we face are a precise settling of accounts for past deeds. We may ease the symptoms with loans or economic plans, but can any government policy or central bank break the chains of karma that bind us to this cycle of suffering? Never.
The only complete and lasting solution is the true worship granted by the Tatvdarshi Sant, Sant Rampal Ji Maharaj. This spiritual practice burns away the karmic seeds, offering the soul liberation and true, eternal abundance in Satlok, a realm untouched by scarcity or decay.
Amar karoon Satlok pathaoon, taatain Bandichhor kahaaoon ||
Sant Rampal Ji Maharaj has clarified various nail-biting spiritual realities in His spiritual discourses. Tune in to the following platforms to know in detail.
- Website: www.jagatgururampalji.org
- YouTube: Sant Rampal Ji Maharaj
- Facebook: Spiritual Leader Saint Rampal Ji
- ‘X’ handle: @SaintRampalJiM
