The rupee depreciated 7 paise to close at a record low of 90.97 (provisional) against the US dollar on Tuesday, as strong dollar demand from metal importers and persistent foreign fund outflows dented investor sentiment. Forex traders said rising geopolitical uncertainties, including renewed US expansionary signals, have increased risk aversion and kept emerging market currencies under pressure. ADVERTISEMENTMoreover, a sluggish domestic stock market triggered by an exodus of foreign capital further weighed on the local unit, they said. "The Indian rupee traded with a negative bias and slipped below the 91-mark on risk aversion in global markets and persistent FII outflows. However, a weak dollar and any RBI intervention may support the rupee at lower levels.

Source: The Telegraph January 20, 2026 10:52 UTC