Indian Rupee Hits New Record Low of 91.38 Against US Dollar

• The Indian Rupee depreciated to a new all-time low of 91.3838 against the US Dollar on Wednesday, January 21.
• This marks the sixth consecutive day of weakening for the Rupee, making it the worst-performing Asian currency.
• The significant fall is attributed to global risk aversion, strong dollar demand, and continuous outflows by foreign investors.
• Geopolitical uncertainty, new US trade signals, and sluggish domestic stock markets further dampened investor sentiment.
• Experts predict the Rupee could fall further to the 91.70–92.00 zone if not for RBI intervention.

Why It Matters: The Indian Rupee reached a historic low of 91.38 against the US Dollar due to global and domestic pressures.