Rupee Hits New Low, Slides to 91.20 per US Dollar
Rupee Hits New Low, Slides to 91.20 per US Dollar
Indian rupee slides to a fresh record low of 91.20 against the dollar amid strong dollar demand and outflows, with weak stock markets adding to pressure.
The Indian rupee slipped to 91.20 against the US dollar, marking a fresh intraday low as traders weighed uncertainty in global markets. The slide is being driven in part by a stronger dollar, underpinned by robust demand from metal importers who need dollars for purchases. At the same time, foreign investors have pulled money out of Indian markets, keeping selling pressure on the rupee and widening its depreciation gap. Geopolitical uncertainties abroad have amplified risk aversion, contributing to the currency’s weakness. A sluggish domestic stock market has added to risk-off sentiment, reinforcing the downward path. Analysts note that the rupee’s volatility is likely to persist until there is greater clarity on global cues and domestic policy signals. For any meaningful recovery, markets will want to see a softer dollar index, improved risk appetite for Indian assets, and more visible steps to support external sector stability. Traders are also watching psychological levels around 91, which could influence liquidity and flow dynamics in the near term.
