What is driving the rupee down?
Even India’s rich are shifting wealth into gold, signalling deeper worries about the growth story
Updated At : 02:19 AM Dec 09, 2025 IST
Countering fall: The RBI's ability to shield the rupee is limited when inflation is low. Sandeep Joshi
THE rupee slipped below the psychological mark of Rs 90 to a dollar last week, and there are two key reasons for that. First, foreign funds are selling their financial investments and exiting India with their dollars. Second, India's rich are using our dollars to import tonnes of gold.
