INR vs USD, Dec. 16 -- The Indian rupee weakened sharply by 36 paise on Tuesday, crossing the 91-per-dollar level for the first time in intraday trade, led by continued foreign institutional investor (FII) outflows and uncertainty surrounding the India-US trade agreement.

Over the past 10 trading sessions, the currency has declined from 90 to 91 against the dollar, including a 1% drop in just the last five sessions.

"In the current setup, RBI's sizeable short USD forward position ($63 bln as on end October, 2025) has shifted intervention away from the spot market. While this provided temporary stability earlier, it has reduced RBI's willingness to sell dollars aggressively in spot, leaving the rupee more exposed to flow-driven pressure,...