The Indian Rupee approaching the important psychological barrier of 90 against the US Dollar brings impact from the trade deadlock between India and the US.

The Indian Rupee has repeatedly hit new lows this year, with some analysts warning that if a key trade agreement with the United States cannot be reached soon, the Rupee could fall to the important psychological level of 90 against the US dollar. The Rupee hit a record low of 89.92 against the US dollar on Tuesday, as the failure of Washington to finalize a trade agreement has hurt market confidence. In the offshore market, the Rupee depreciated further to 90.13. Despite Indian officials expressing optimism about reaching an agreement soon, India remains one of the few major economies that has not yet signed a trade agreement with the US. This delay has led to an expansion of India's current account deficit in the third quarter, putting greater pressure on the country's currency.