On 21 January 2026 at 11:42 AM IST, the Indian Rupee extended its decline, weakening to ₹91.50 per US dollar. The fall reflects persistent global dollar strength, foreign fund outflows, and cautious investor sentiment. Analysts warn of near-term volatility, highlighting external pressures on India’s currency despite resilient domestic fundamentals.
The Indian Rupee (INR=IN) continued its downward trajectory on Wednesday, 21 January 2026, slipping to ₹91.50 per US dollar at 11:42 AM IST. This marks a fresh low in the ongoing depreciation trend, driven by global and domestic factors.
Key highlights shaping today’s currency movement:
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Exchange Rate: The rupee weakened to 91.50/USD, extending losses from earlier sessions.
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Global Dollar Strength: A firm US dollar, supported by strong economic data and higher yields, pressured emerging market currencies.
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Foreign Fund Outflows: Equity and debt market outflows added to the rupee’s weakness, reflecting investor caution.
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Oil Prices Impact: Elevated crude oil prices increased India’s import bill, further straining the currency.
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Market Sentiment: Traders remain wary ahead of upcoming US Federal Reserve policy cues and India’s budget announcements.
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52-Week Context: The rupee has now breached its previous lows, underscoring vulnerability to external shocks despite India’s robust forex reserves.
Analysts suggest the rupee may remain volatile in the near term, with intervention by the Reserve Bank of India (RBI) likely if depreciation accelerates.
Sources: Economic Times, Business Standard, Investing.com