The exchange rate of the Indian rupee against the US dollar fell below the 90 rupees to 1 US dollar mark for the first time on the 3rd, reaching a record low. On the same day, affected by the sharp depreciation of the rupee, India's main stock index, the Nifty 50 Index, fell below 26,000 points, and the Bombay Stock Exchange Sensitive Index fell nearly 200 points in early trading. Some market analysts believe that the uncertainty of trade negotiations between India and the US is an important reason why the rupee exchange rate is under pressure. The cumulative tariff rate imposed by the US on Indian products is as high as 50%, while trade negotiations between the two sides are progressing slowly. Furthermore, the Bank of India did not take steps to maintain the exchange rate, which heightened market concerns about the depreciation of the rupee. According to local media, India relies on imports for petroleum, electronic products, chemical fertilizers, etc. The weakening rupee may further push up the prices of related commodities, affecting the lives of Indian people.

The exchange rate of the Indian rupee against the US dollar fell below the 90 rupees to 1 US dollar mark for the first time on the 3rd, reaching a record low. On the same day, affected by the sharp depreciation of the rupee, India's main stock index, the Nifty 50 Index, fell below 26,000 points, and the Bombay Stock Exchange Sensitive Index fell nearly 200 points in early trading. Some market analysts believe that the uncertainty of trade negotiations between India and the US is an important reason why the rupee exchange rate is under pressure. The cumulative tariff rate imposed by the US on Indian products is as high as 50%, while trade negotiations between the two sides are progressing slowly. Furthermore, the Bank of India did not take steps to maintain the exchange rate, which heightened market concerns about the depreciation of the rupee. According to local media, India relies on imports for petroleum, electronic products, chemical fertilizers, etc. The weakening rupee may further push up the prices of related commodities, affecting the lives of Indian people.