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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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Indian Rupee Breaches 92 Mark Against US Dollar
The Indian rupee has reached a record low, trading at 92.00 against the US dollar. This marks the third time in less than a week that the rupee has hit a new low. The currency depreciated by 31 paise to settle at 91.99 against the US dollar on the previous day. The decline is attributed to various factors, including foreign investment outflows and geopolitical tensions.According to Hindustan Times, the rupee's depreciation is partly due to the d…
·India
Read Full ArticleRupee slips to record low of 92.00 against US dollar. Where is INR headed now?
INR vs USD: The dollar index recovered slightly after the US Federal Reserve’s policy decision, while US Treasury yields rose after the Fed acknowledged that inflation remained elevated and the labour market continued to stabilize.
·New Delhi, India
Read Full ArticleCoverage Details
Total News Sources15
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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