New Delhi, Dec. 18 -- The depreciation of the Indian rupee during the current financial year 2025-26 has been influenced by the increase in trade deficit and likely prospects arising from the ongoing developments in India's trade agreement with the US, amid relatively weak support from the capital account, the Parliament was informed this week.

The Indian rupee broke a historic barrier by crossing 90 against the US dollar this month.

"Various domestic and global factors influence the exchange rate of the Indian rupee, such as the movement of the Dollar Index, trend in capital flows, level of interest rates, movement in crude prices and current account deficit, etc," Minister of State for Finance Pankaj Chaudhary told the Rajya Sabha in ...