INR Has Depreciated 5% To 17% In Last 11 Months

Understanding the Dynamics of INR - India's Rupee

The Indian Rupee has been on a deliberate, consistent depreciation journey since the 1991 liberalisation. From ₹17 in 1991 to ₹90 in 2025 that's 34 years of losing roughly 4.5 % per year on average.

 

 

INR Has Depreciated 5% To 17% In Last 11 Months Vs. Other Currencies

 

The Indian rupee recently hit an all-time low of ₹90 per US dollar, indicating more than 5.1% depreciation so far this year. A combination of domestic pressures like a record trade deficit, rising gold imports, and ongoing current account deficits (CAD) and international headwinds like the US tariff hikes under Trump policies and outflows of foreign portfolio investors (FPI) are driving this decline.

Source: Bloomberg, data as of December 3, 2025

The rupee has declined against several major currencies in addition to the US dollar. The weighted average of the rupee's exchange rate against 40 major trading partners, known as the Nominal Effective Exchange Rate (NEER), indicates a decrease of almost 8% in 2025 (up to October 2025).

Govt of India revokes order to pre-install Sanchar Saathi app on phones

The contentious rule that required smartphone manufacturers to pre-install the Sanchar Saathi cybersecurity program on every smartphone sold in the nation was overturned by the Center on Wednesday, December 3, 2025.  The government is now touting the unexpected spike in voluntary app downloads as justification for the U-turn, as well as a strong political response and individuals' caustic privacy warnings.

 

The Congress, on the other hand, rejected the government's explanation and accused the BJP of pushing "surveillance through coercion." At a press briefing, party spokesperson Pawan Khera claimed the government had been "exposed for prying into citizens' digital privacy" and was now attempting to "cover up an invasive and unconstitutional directive."

He argued that the minister's claim that the app could be deleted didn't align with the government's own written order, which he said explicitly stated that a pre-installed version could neither be removed nor disabled. Khera called the clarification "a convenient untruth designed to hide an alarming overreach," adding that a government that misrepresented its own rules could not be trusted with people's personal information.

Judges behind privacy verdict hail recall of Sanchar Saathi app order: