Indian Rupee Nears All-Time Low Amid Dollar Demand
The Indian rupee is trading near its lowest level of 91.7425 against the US dollar due to high dollar demand from bullion imports and equity outflows.
Insights:
The Indian rupee is trading perilously close to its all-time low of 91.7425 against the US dollar as of January 23, 2026. This comes amid sustained dollar demand driven by significant bullion import flows and equity outflows. As the rupee closed at 91.63 on Thursday, January 22, 2026, market participants are bracing for further depreciation, reflecting a confluence of structural pressures that are testing the Reserve Bank of India's (RBI) intervention strategies.
