Indian rupee hits record low near ₹92 amid dollar strength
after close1 source ↓written by the desknot a recommendation
- against the US
- ₹92
- intraday low
- ₹91.96
- depreciation in January
- 2%
The Indian rupee weakened sharply, nearing ₹92 against the US dollar, driven by foreign capital outflows and strong dollar demand. The currency hit an intraday low of ₹91.96, reflecting over 2% depreciation in January. Increased demand from oil and electronics importers adds to the pressure, complicating the outlook for traders.
Not investment advice. For informational purposes only.