17:47 - 1.12.2025

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December 1, Fineko/abc.az. Today, the exchange rate of the Indian rupee against the dollar fell to a record low amid weak dynamics of foreign trade and investment flows to the country.

ABC.AZ informs that analysts attribute the depreciation of the Indian currency to difficult trade negotiations with the U.S., which so far seem far from successful conclusion. Accordingly, dollar's exchange rate against the rupee has strengthened — 89.75 rupees were given for $1 today instead of 89.5 rupees earlier.

At the same time, India's GDP grew by 8.2% in the 3rd quarter, which turned out to be better than analysts' forecasts of 7.5%. Economists point out that earlier this year, Donald Trump imposed 50 percent import tariffs on many Indian goods, and if politicians fail to agree on tariff cuts, this could lead to a slowdown in India's economy.