Archive · 21 Jan 2026
Rupee Hits Record Low Amid Global Uncertainty
The Indian rupee hit a new record low of 91.64 against the US dollar on Wednesday.
This happened because of worries about global events and money leaving the country.
Despite this, the Reserve Bank of India (RBI) says India's economy is still growing fast.
The RBI thinks India will keep being the fastest-growing major economy in the world.
They say this because even though there are problems around the world, India's own economy is strong.
The RBI also mentioned that India is doing trade talks with many countries to make things better.
They also talked about how the rupee has been going down in value and how money is flowing into the country's businesses.
The rupee hit a record low of 91.64 against the US dollar on Wednesday due to foreign fund outflows and global uncertainty.
The RBI remains optimistic about India's economic growth, projecting a 7.4% GDP growth for FY26 despite global risks.
Geopolitical tensions, including US intervention in Venezuela and conflicts in the Middle East, are contributing to the rupee's depreciation.
India is engaged in trade negotiations with 14 countries or blocs to strengthen its exports and mitigate external sector risks.
The rupee's depreciation is also attributed to foreign portfolio outflows and uncertainty surrounding the India-US trade deal.
- Who
- Reserve Bank of India (RBI), Forex traders, Global investors
- What
- Rupee hits record low, India's economic growth outlook remains positive despite global risks
- When
- Wednesday, January 2026
- Where
- India
- Why
- Persistent foreign fund outflow, heightened geopolitical uncertainty, and risk-off sentiment in global markets
- Rupee closing rate on Wednesday
- 91.64 (provisional)
- Previous all-time low
- 91.14 on December 16, 2025
- Rupee depreciation in January
- 1.50%
- Geopolitical tensions
- US intervention in Venezuela, Middle East conflict, Russia-Ukraine peace deal, Greenland row
- India's GDP growth projection for FY26
- 7.4%
- GDP growth in FY25
- 6.5%
- GDP growth in FY24
- 9.2%
- Total flow of financial resources to commercial sector (2025-26)
- ₹30.8 lakh crore
- Rupee depreciation till January 19
- 1.2% over end-December level
- Gross inward FDI in November 2025
- Steady, with Japan, Singapore, and the US accounting for >75% of inflows
Sources
FPIs take small bites of IT, durables in December
Fitch Ratings: ‘Indian earnings likely to improve in FY27, but US tariff cloud remains’
Sensex sinks over 1000 points below 83000 as global tensions trigger market selloff
Recalibration of tax regime may attract larger share of global capital
FPIs bank on options to raise gains from market fall
Budget 2026 Expectations Live Updates: GTRI calls for simpler customs duty structure
India to stay fastest-growing major economy despite global risks: RBI bulletin
India to remain fastest-growing major economy despite global risks: Reserve Bank
Rupee plunges to record low of 91.64 against US dollar
RBI says current state of economy provides ground for optimism
India’s FDI Inflows Surged 73 pc to $47 bn in 2025
As rupee hits fresh low, new data shows Nov saw net FDI outflow for 3rd straight month
Budget 2026: Government likely to balance growth support and macro stability, says Axis Securities
