
The Indian rupee has slipped beyond 90, becoming one of the weakest performing currencies in Asia, raising investor concern and slowing foreign fund inflows. In this segment of Market Masters, we analyse why the currency has moved sharply despite strong domestic macros and whether stability is coming soon. Our expert explains that the rupee had outperformed for years and this correction may be a recalibration, offering benefits to exporters at a time when FDI inflows have moderated. With global energy prices stable and no imported inflation pressure, the real trigger ahead could be trade settlement progress, which may help the rupee strengthen gradually. Is ₹90–91 the new normal, or will the currency recover? We break it down.