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The rupee crashed 76 paise to adjacent astatine an all-time debased of 91.73 (provisional) against the American currency connected Wednesday (January 21, 2026), pressured by persistent overseas money outflow amid heightened uncertainty and risk-off sentiment successful planetary markets.
The rupee recorded its erstwhile all-time debased of 91.14 connected December 16, 2025, and truthful acold this month, the section portion has fallen by 1.50%, forex traders said, adding that the depreciation tin beryllium attributed to heightened geopolitical uncertainty.
Rising tensions successful Europe implicit the Greenland contented and imaginable tariffs, on with a antagonistic inclination successful the home market, further dented capitalist sentiment, they said.
At the interbank overseas exchange, the rupee opened astatine 91.05 and mislaid crushed to interaction an intraday debased of 91.74 against the greenback. The home portion settled for the time astatine an all-time debased of 91.73 (provisional), registering a diminution of 76 paise from its erstwhile close.
On Tuesday (January 20, 2026), the rupee depreciated 7 paise to adjacent astatine 90.97 against the U.S. dollar.
"Emerging economies similar India are facing unit from volatile superior flows," Abhishek Bisen, Head-Fixed Income, Kotak Mahindra AMC, said.
Besides, geopolitical tensions, including the Greenland quality that has strained U.S.-Europe relations (which is simply a hazard of NATO breakdown) and besides the power of Venezuela’s lipid reserves by the U.S., are creating ripple effects crossed the planetary trade, helium said.
Mr. Bisen further noted that for India, the pending commercialized statement with the U.S. remains a cardinal stabilising factor, arsenic its decision could boost assurance and bilateral commerce.
"Also, until the geopolitical hazard eases and the commercialized woody materialises, the rupee is apt to stay susceptible to outer shocks. However, fixed the beardown forex reserves, the Reserve Bank of India tin negociate the concern arsenic the depreciation has made INR comparatively cheaper connected REER basis, which shall assistance enactment up exports," helium said.
Meanwhile, the dollar index, which measures the greenback's spot against a handbasket of six currencies, was trading 0.02% little astatine 98.61.
Brent crude, the planetary lipid benchmark, was trading 1.88% down astatine $63.70 per tube successful futures trade.
On the home equity marketplace front, Sensex declined 270.84 points to settee astatine 81,909.63, portion the Nifty dropped 75 points to 25,157.50.
Foreign organization investors offloaded equities worthy ₹2,938.33 crore connected Tuesday (January 20, 2026) according to speech data.
