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Indian rupee at 91.98 against dollar, hits new all-time low — 2% decline this year

  • On Thursday , the Indian rupee opened near 91.95 and lost ground to trade at 92 in early trade, weighed down by dollar demand.
  • Sustained foreign fund outflows and drying overseas investment flows reduced dollar inflows and weighed on the currency, while analysts linked high U.S. tariffs and trade tensions with the US to further capital outflows.
  • Oil prices climbed more than 4% this week, with Brent crude at USD 69.30 per barrel, while Sensex fell 343.67 points to 82,001.01 and Nifty dropped 94.2 points in early trade.
  • Experts say the Reserve Bank of India may need to intervene as reports suggested the RBI likely sold dollars to support the rupee amid rising import costs and inflation risks.
  • With repeated record lows this week, the Economic Survey 2025-26 noted the rupee weakened by about 6.5% between April 1 and January 22 and urged diplomatic and structural measures to address trade tensions with the US.
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The Economic Times broke the news in on Thursday, January 29, 2026.
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