Indian Rupee hits new low: 10-month decline continues, economic recovery faces pressure

【Crypto World】The Indian Rupee has fallen again. The latest exchange rate dropped to 91.01 against the US dollar, hitting a new historic low. This decline has been ongoing for a full 10 months, with no signs of stopping. Not only has it dragged down the Sensex index, which fell nearly 450 points in a single day.

The data is even worse: since the beginning of this year, the rupee has depreciated by 6.80%. Looking back over the past five years, the cumulative decline is even more outrageous—20%. Market analysts are now ringing alarm bells and generally adopting a bearish outlook for the future. Their consensus is clear: if the rupee continues to weaken, the economic recovery will definitely be affected, import costs will rise, and foreign exchange pressures will keep accumulating. The most pessimistic prediction is that the rupee could fall below the 100 mark against the dollar.

Once import costs rise, imported inflation will follow, which is clearly not a good sign for the pace of India’s economic recovery.