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Rupee breaches 92
Financial Express Kochi
|January 30, 2026
THE RUPEE ON Thursday breached the 92-level for the first time, pressured by dollar demand linked to the maturity of non-deliverable forward positions, corporate hedging, global uncertainty and foreign funds outflow.
The currency closed down 17 paise to 91.95 as the Reserve Bank of India intervened to hold it above the psychologically significant 92 level. The weakness in the currency spilled over to government bonds, reinforcing a dilemma for the market wherein the RBI’s efforts to shore up banking system liquidity got blunted by its forex market interventions.
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