USD/INR Smashes Records as Rupee Falters Amid Global Chaos 🔥

The Indian Rupee just can't catch a break. It plunged to a shocking low of about 89.03 against the US Dollar on October 4, 2025. Worse than yesterday. The USD/INR pair is now in totally unexplored territory 📈

India's economy is actually booming. Q2 GDP growth hit an impressive 7.8%. Beat all expectations. Outperformed Q1's already solid 7.4% expansion. Yet the currency keeps sinking. Kind of surprising, honestly.

What's behind this mess?

1. Those US tariffs are brutal 🌪️ Washington jacked up import duties to 50%. Used to be 25%. All because India keeps buying Russian oil. Indian exports are suffering badly.

2. Foreign money is fleeing. Fast. FIIs have yanked over Rs. 94,500 crores from Indian equity markets lately. The exodus isn't stopping. The Rupee falls more.

3. India-China relations remain tense. They smiled for cameras at the Shanghai Cooperation meeting. But the markets aren't buying it. Uncertainty lingers.

The US Dollar Index is down around 97.70. Five straight days of losses. Markets seem convinced the Fed will cut rates soon. The CME FedWatch tool shows an 87.6% chance of a cut this month.

American politics adds extra drama. Trump's economic plans worry traders. His tariff agenda faces pushback. Market sentiment is jittery 🔮

Looking at charts, USD/INR stays bullish above its 20-day EMA (87.60). The RSI sits above 60.00. Upward momentum continues. That big 89.00 level looms as the next hurdle.

For regular people? Twenty bucks now gets you about 1,780 rupees. The weakening currency hits everyday life 💸

What's next isn't entirely clear. US jobs data and Fed comments might shift things. The Rupee's fate is tied to global money flows. And India's diplomatic choices in this messy geopolitical puzzle 🌏