It dropped to a record low of 90.13 against the US dollar, breaking its previous all-time low of 89.9475 touched a day earlier.

The Indian rupee fell sharply yesterday, dipping below past the crucial 90-per-US dollar level for the first time.
It dropped to a record low of 90.13 against the US dollar, breaking its previous all-time low of 89.9475 a day earlier.
The sharp fall in the rupee came amid weak trade and portfolio flows, restrained intervention by the central bank as well as the lack of clarity over a India-US trade deal.

The sharp fall in the rupee amid weak trade and portfolio flows, restrained intervention by the central bank as well as the lack of clarity over a India-US trade deal also weighed on domestic equity markets.

The development raised concerns about inflation and foreign investor activity.

The Reserve Bank of India’s monetary policy is expected to announce the interest rate decision on December 5.

Fibre2Fashion News Desk (DS)

China regained its leading position in **** with shipments valued at $*.*** billion and a **.** per cent share, followed closely by Bangladesh at $*.*** billion and **.** per cent. Turkiye remains an important near-shore sourcing base and supplied $*.*** billion, accounting for **.** per cent of the total. Cambodia with $***.*** million and India with $***.*** million completed the top five suppliers, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro. The dominance of these suppliers shows a shift towards both cost-competitive and strategically located sourcing hubs.

Compared with the same period in ****, sourcing patterns have changed. Bangladesh led in January–August **** with $*.*** billion and a **.** per cent share, while China contributed $*.*** billion or **.** per cent. Myanmar and Morocco, previously among the top five, no longer appear in ****, displaced by Cambodia and India. Germany, once a key European source, continues losing relevance as Asian sourcing strengthens. This highlights the declining competitiveness of smaller and higher-cost producers, alongside growing preference for scalable Asian manufacturing bases.