New Delhi, Dec. 29 -- The Indian rupee, which breached the psychological level of 90 against the US dollar earlier this month, has shown signs of stabilisation, with recent movements indicating that the worst phase of depreciation may be behind, according to a market report by Invesco Mutual Fund.

The report noted, "While it's too early to call a trend, this development hints at a potential stabilisation in the near term."

The rupee depreciated about 5.2 per cent year-to-date as of December 19, 2025, making it the worst-performing major Asian currency during the year.

It crossed the 90-per-dollar mark in the first week of December, marking one of the fastest declines in recent times and raising concerns despite supportive domestic macr...