Indian rupee hits record low near ₹92 amid dollar strength
pre-market1 source ↓written by the desknot a recommendation
- against the US
- ₹91.9–₹92
- in January
- 2% depreciation
The Indian rupee fell to a record low near ₹91.9–₹92 against the US dollar, driven by foreign capital outflows and strong dollar demand. This marks a 2% depreciation in January, with overseas investors selling Indian equities worth several thousand crore rupees. The strong dollar and robust importer demand, especially from oil and electronics sectors, are adding to the pressure.
Not investment advice. For informational purposes only.