Rupee Hits Record Low of 92 Against Dollar: Imports Costlier, Exporters Benefit
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News18•29-01-2026, 09:52
Rupee Hits Record Low of 92 Against Dollar: Imports Costlier, Exporters Benefit
- •The Indian rupee touched a new record low of nearly 92.00 against the US dollar in early trade on Thursday.
- •The dollar index strengthened following the US Federal Reserve's policy decision and rising US Treasury yields.
- •A weaker rupee makes imports like crude oil, electronics, and gold costlier, potentially increasing prices for consumers.
- •Foreign education and international travel will become more expensive for Indian citizens.
- •NRIs sending remittances to India and exporters with low import reliance are expected to benefit from the rupee's depreciation.
Why It Matters: Rupee's record low against the dollar makes imports pricier but offers benefits to exporters and NRIs.
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