Rupee returns to red! Currency falls to 92 per US Dollar

2026-01-29 - 06:40

The rupee hit a record low of 92.00 against the US dollar on Thursday morning due to sustained greenback demand and a cautious global market. Heightened geopolitical tensions and rising crude oil prices, exacerbated by US warnings to Iran, are pressuring emerging market currencies. Domestic equities also opened lower, reflecting investor caution.