The rupee’s USD/INR pair hit an all‑time high of 90.46 rupees, the Singapore dollar’s USD/SGD added 0.2%, the won’s USD/KRW pair gained 0.4%, the yuan’s onshore pair USD/CNY was little changed, while the offshore pair USD/CNH ticked 0.1% higher

Most Asian currencies steadied on Thursday after modest gains overnight, while the Indian rupee dropped to new record lows amid sustained capital outflow pressures.

The rupee’s USD/INR pair hit an all‑time high of 90.46 rupees in early trade, surpassing Wednesday’s previous record of 90.29. The pair traded largely flat near 90.22 rupees as of 05:50 GMT.

Rupee’s decline comes amid external pressures, including weak trade, portfolio flows and limited foreign direct investment.

Thus far, RBI seems more hands-off in terms of intervention, and it’ll be important to see whether there are any policy signals from the upcoming RBI policy meeting later this week on the Indian Rupee, MUFG analysts said in a note.

From a fundamental perspective, we are assuming that a trade deal between US and India bringing tariffs down to 25% from 50% currently will ultimately be reached, and as such, we do see some relief for INR in 1Q2026, they added.

Elsewhere in Asia, major currencies were largely stable.

Overall, we think that the December Fed meeting will be quite a divided one, but ultimately points towards a cut, MUFG analysts added.

The yen’s USD/JPY was largely unchanged, while the Singapore dollar’s USD/SGD added 0.2%.

The won’s USD/KRW pair gained 0.4%, leading losses amid regional currencies.

In China, the yuan’s onshore pair USD/CNY was little changed, while the offshore pair USD/CNH ticked 0.1% higher.

The Australian dollar’s AUD/USD pair added 0.2% on Thursday.

The US Dollar Index, which measures the dollar against a range of other currencies, gained 0.1% after declining to a one-month low overnight. US Dollar Index Futures traded 0.2% higher as of 06:14 GMT.