Rupee Hits All-Time Low of 92 Against US Dollar Amid Global Uncertainty
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News18•29-01-2026, 10:00
Rupee Hits All-Time Low of 92 Against US Dollar Amid Global Uncertainty
- •The Indian rupee touched an all-time low of 92.00 against the US dollar in early trade on Thursday.
- •The depreciation is attributed to steady dollar demand, a cautious global mood, and the dollar index rising after the FED kept rates unchanged.
- •Geopolitical uncertainties and rising oil prices, particularly Brent crude trading at USD 69.30 per barrel, are increasing risk aversion and pressuring emerging market currencies.
- •India, being a net oil importer, is vulnerable to sustained increases in crude prices, further impacting the rupee.
- •Domestic equity markets saw Sensex and Nifty decline in early trade, while foreign institutional investors purchased equities worth Rs 480.26 crore.
Why It Matters: The rupee hit a record low of 92 against the US dollar due to strong dollar demand and global risks.
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