Indian rupee poised to breach record low at open as dollar gains in offshore markets

The Indian rupee is poised to open at a record low today following a dollar rally in offshore markets. Traders are now on high alert for potential central bank intervention as the open nears.

洞察:
The Indian ININrupee is poised to open past the 92-per-dollar mark on Thursday following a rally in the United States USUSdollar across non-deliverable forward markets and broad weakness in Asian currencies. Pricing for 1-month non-deliverable forwards indicates the rupee will open in the 92.02 to 92.08 range against the dollar, putting the currency on track to breach its previous all-time low of 91.9650 recorded last week.
A man counts Indian currency notes at a market in Bengaluru, India, August 1, 2025. REUTERS/Priyanshu Singh
A man counts Indian currency notes at a market in Bengaluru, India, August 1, 2025. REUTERS/Priyanshu Singh
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