Rupee hits all-time low of 92 against U.S. dollar
The Hindu
The rupee hits a record low of 92 against the U.S. dollar amid rising demand and geopolitical uncertainty.
The rupee hit an all-time low of 92.00 against the American currency in early trade on Thursday (January 29, 2026), weighed down by steady dollar demand and a cautious global mood.
Forex traders said the rupee fell after the dollar index rose from its 4-1/2-year lows, following the FED's announcement that it kept rates unchanged at the conclusion of its first policy decision of 2026.
Moreover, rising geopolitical uncertainty has increased risk aversion, keeping emerging market currencies under pressure.
At the interbank foreign exchange, the rupee opened at 91.95 and lost ground to trade at 92 against the greenback, down 1 paisa from its previous close amid increased month-end dollar demand.
On Wednesday (January 28), the rupee settled 31 paise down, revisiting its lowest-ever closing level of 91.99 against the greenback.
On January 23, the rupee hit an all-time intraday low of 92 against the U.S. dollar.
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