Rupee Hits All Time Low of 91.28 Against US Dollar in Early Trade

Persistent Dollar Demand Pressures Indian Currency​

The Indian rupee weakened sharply in early trade on Wednesday, slipping 31 paise to an all time low of 91.28 against the US dollar. The decline was driven by sustained dollar demand and a cautious global environment that continued to weigh on emerging market currencies.

Risk Aversion and Weak Domestic Cues Weigh on Sentiment​

Forex markets saw the rupee open at 91.05 against the dollar before extending losses through the session. The move marked a clear deterioration from the previous close of 90.97, which itself had been a record low. Rising geopolitical uncertainty and a fragile global risk outlook kept investor sentiment under pressure.

Domestic factors also contributed to the weakness, with a subdued equity market and continued foreign capital outflows further dampening confidence in the currency.

Previous Record Levels and Global Market Indicators​

The rupee had earlier touched its previous lowest intra day level of 91.14 on December 16, 2025, while the lowest closing level had stood at 90.93.

In global markets, the dollar index, which tracks the US currency against a basket of six major currencies, was trading marginally lower at 98.59. Brent crude prices declined 1.11 percent to USD 64.20 per barrel in futures trade, offering limited support to the domestic currency.

Equity Markets Open Lower Amid Outflows​

Indian equity benchmarks opened on a weak note alongside the currency slide. The Sensex fell 385.82 points to 81,794.65 in early trade, while the Nifty declined 91.5 points to 25,141. Foreign institutional investors remained net sellers, offloading equities worth Rs 2,938.33 crore in the previous session, adding to the cautious tone across financial markets.