The Indian rupee inched toward the 92 mark in the afternoon session amid rising demand for dollar, the impending India-US trade deal and a crash in the Indian stock market today. Rupee fell 37 paise to a record low of 91.95 per dollar in today’s trade against the previous close of 91.58.
FULL COVERAGE: Union Budget 2026
Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said,”Rupee traded weak by 0.30 paise at 91.90 as persistent FII selling in the secondary markets continued to weigh on the currency. While domestic macro fundamentals remain relatively stable, elevated global uncertainties — including US trade tariff actions and geopolitical tensions around Greenland, Venezuela and the Russia-Ukraine conflict — are keeping sentiment cautious. The rupee is expected to remain under pressure in the near term, with a weak trading range of 91.35–92.25.”
Later, the currency closed at 91.94 to the US dollar.
Dilip Parmar, Research Analyst, HDFC Securities said, “The Indian rupee fell to a record low, bucking under the weight of dollar demand from importers and corporates ahead of the long weekend and the upcoming Union Budget. This fragility intensified as domestic equities faced a fresh bout of liquidation, erasing Thursday’s tentative recovery. The outlook for spot USDINR remains resolutely bullish; we anticipate the pair may eclipse the psychological 92 threshold while find the support at 91.10.”
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
