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Rupee shy of new low; RBI steps in to curb excess volatility
Business Standard
|January 21, 2026
The rupee fell for the fifth consecutive session on Tuesday due to persistent outflows from equities amid global riskoff sentiment, said dealers.
The Reserve Bank of India (RBI) likely intervened in the foreign exchange market via dollar sales that avoided new low for the local currency.
The rupee fell up to 91.06 per dollar during the day, just shy of record low of 91.08 against the dollar. It settled at 90.98 per dollar, against the previous close of 90.92 per dollar. The Indian unit hit all-time closing low of 91.03/$ on December 16, 2025.
Denne historien er fra January 21, 2026-utgaven av Business Standard.
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