Indian Rupee Dips Past 90 per Dollar

The Indian rupee became weaker and went past 90 rupees for 1 US dollar.

This happened because people wanted more dollars, foreign investors were taking money out, and some economic news was not good.

The central bank, called the RBI, is trying to help the rupee by selling dollars.

Some experts think the rupee might get a little weaker in the next year, but it could also get stronger if there are good trade deals.

The rupee's weakness might help Indian companies that sell things outside the country.

At the same time, India's forex reserves increased by $3.293 billion to $696.61 billion.

This increase is due to higher foreign currency assets, gold reserves, and special drawing rights.

The increased forex reserves can help support the rupee and provide a buffer against economic uncertainties.