The rupee hit an all-time low of 92.00 against the American currency in early trade on Thursday (January 29, 2026), weighed down by steady dollar demand and a cautious global mood. Forex traders said the rupee fell after the dollar index rose from its 4-1/2-year lows, following the FED's announcement that it kept rates unchanged at the conclusion of its first policy decision of 2026. On January 23, the rupee hit an all-time intraday low of 92 against the U.S. dollar. The rise followed U.S. warnings of potential military action if Iran fails to reach a nuclear agreement, heightening concerns over supply disruptions," Mr. Pabari said. Meanwhile, the dollar index, which measures the greenback's strength against a basket of six currencies, was trading 0.29 per cent lower at 96.16.

Source: The Hindu January 29, 2026 05:26 UTC