The rupee hit an all-time low of 92 on Friday and recovered marginally to settle at 91.88 (provisional) against the American currency, amid selling pressure from foreign funds and risk-off sentiment in global markets. Forex traders said the Indian rupee gave up early gains and hit a record low of 91.99 per US dollar in intraday trade due to weak domestic markets and persistent foreign fund outflows. It touched an all-time intraday low of 92.00 before settling for the day at a record closing low of 91.88 (provisional), down 30 paise from its previous closing level. On Thursday, the rupee rebounded from its all-time low levels and ended with a gain of 7 paise at 91.58 against the US dollar. The previous all-time low was recorded on January 21, when the rupee plunged 68 paise to close at 91.65 against the American currency.

Source: The Telegraph January 23, 2026 11:14 UTC