New Delhi, Dec. 16 -- The Indian rupee weakened to record levels against the US dollar in late November and early December 2025, with the exchange rate touching Rs 89.64 per dollar in the third week of November and slipping further to Rs 90.42 on December 4, the Finance Ministry informed Parliament.

Responding to a question in the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said the rupee closed at Rs 89.41 per dollar on November 21, 2025, before extending losses in subsequent sessions amid volatile global and domestic conditions.

Drivers of Rupee Depreciation

The Government attributed the rupee's decline to a combination of domestic and global factors, including movements in the dollar index, capital flow trends, interes...