Indian Rupee Hits Record Low Amid Sustained Foreign Capital Outflows
The Indian rupee reached an all-time low of 91.9650 against the dollar on Friday. Massive foreign equity outflows and importer hedging drove the decline.
Insights:
The Indian Rupee plummeted to a historic low of 91.9650 against the dollar on Friday, January 23, 2026, as India 
INfaced a significant exodus of capital from its domestic markets. The currency eventually settled the session at 91.94, marking a daily decline of 0.34 percent and capping its steepest weekly loss in six months at 1.18 percent. This downward movement occurred despite a broader weakening of the US Dollar Index and modest gains by most other Asian currencies during the same period.
INfaced a significant exodus of capital from its domestic markets. The currency eventually settled the session at 91.94, marking a daily decline of 0.34 percent and capping its steepest weekly loss in six months at 1.18 percent. This downward movement occurred despite a broader weakening of the US Dollar Index and modest gains by most other Asian currencies during the same period.The depreciation was largely fueled by sustained selling from foreign institutional investors, with outflows from Indian equities reaching approximately $3.5 billion since the start of January. This sell-off was mirrored in the performance of the Nifty 50 index, which slumped 2.5 percent throughout the week. While political volatility in the United States 
US emerged after President Donald Trump issued threats regarding Greenland and later walked them back, the pressure on Indian assets remained largely independent of these external developments.
US emerged after President Donald Trump issued threats regarding Greenland and later walked them back, the pressure on Indian assets remained largely independent of these external developments.
