Indian Currency Falls to 92 per US Dollar

The Indian rupee tumbled to a record low of 92.00 against the US dollar in early trade on Thursday, weighed down by strong dollar demand and a cautious global market mood. The currency’s decline followed a rebound in the dollar index after the Federal Reserve kept interest rates unchanged in its first policy meeting of 2026.

Geopolitical tensions and rising oil prices have also added pressure on the rupee, a net oil importer. Analysts say elevated dollar demand and month-end capital outflows contributed to the slide.

At the interbank market, the rupee opened at 91.95 and slipped to 92 against the greenback. The domestic equity market mirrored global caution, with the Sensex down 343 points and Nifty falling 94 points. Meanwhile, India’s industrial production for December 2025 grew at a two-year high of 7.8%, reflecting strong output in manufacturing, mining, and power.