Rupee hits record low as dollar demand persists
pre-market1 source ↓written by the desknot a recommendation
- after closing
- 90.80–90.85
- on Monday
- 90.73
- intraday low
- 90.7875
The Indian rupee is set to open at 90.80–90.85 after closing at 90.73 on Monday, marking its third consecutive session of record weakness. The currency hit an intraday low of 90.7875, driven by persistent dollar demand amid a challenging global risk environment. Traders note that the downturn appears orderly, with volatility remaining contained despite the pressure.
• New all-time intraday low: 90.7875
• Projected opening: 90.80–90.85
• Third straight session of record weakness
This trend highlights ongoing flow imbalances affecting the rupee's stability.
Not investment advice. For informational purposes only.