US EditionRupee hits record low of 91.99 against US dollar in intraday trade
The rupee declined 0.34% on Jan. 23, marking its steepest weekly drop in six months amid $3.5 billion foreign equity outflows and increased importer hedging.
- On Friday , the Indian rupee fell to an all-time low of 91.9650 and settled at 91.94, down 0.34%, with weekly and monthly losses of 1.18% and 2.3%.
- Sustained foreign outflows and corporate hedging pressured the rupee as foreign investors pared equity exposure and exporters slowed forward dollar sales, reducing supply and worsening depreciation.
- The Reserve Bank of India used spot sales and swaps on at least two occasions, bankers said, while Kunal Kurani, vice president at Mecklai Financial Services, noted the rupee `stays under pressure regardless of broader cues`.
- Compared with regional markets, the rupee underperformed while most Asian peers gained despite U.S. President Donald Trump issuing then walking back threats over `Greenland`, repeating 2025 patterns.
- Policy actions have slowed losses but not reversed them, as the Reserve Bank of India stepped in significantly on at least two occasions this week, while persistent outflows and corporate hedging keep the rupee vulnerable.
31 Articles
31 Articles
The Indian Rupee reached a record low of 91.96 ahead of Budget 2026. FII selling, rising dollar demand, and stock market volatility are putting pressure on the rupee.
Record low rupiah weighs on Indonesians as costs rise, imports slow
Indonesia’s rupiah hit a record low against the US dollar earlier this week, even as other regional currencies have strengthened. Experts point to domestic concerns weighing down the rupiah, including waning confidence in policy making and central bank independence.
The Print
Rupee hits record low of 91.99 against US dollar in intraday trade
Mumbai, Jan 23 (PTI) The rupee slumped 41 paise to hit a record low of 91.99 against the US dollar in intraday trade on Friday, as persistent foreign fund outflows and a volatile geopolitical situation kept investors cautious. Forex traders said the intervention from the Reserve Bank of India is helping smooth volatility to some […]
Coverage Details
Bias Distribution
- 56% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
