Rupee Hits All-Time Low of 91.64 Amid Global Uncertainty

Mumbai: The rupee plunged 67 paise to close at an all-time low of 91.64 (provisional) against the American dollar on Wednesday, pressured by persistent foreign fund outflow amid heightened uncertainty and risk-off sentiment in global markets.

The rupee recorded its previous all-time low of 91.14 on December 16, 2025, and so far this month, the local unit has fallen by 1.50 per cent, forex traders said, adding that the depreciation can be attributed to heightened geopolitical uncertainty.

As per reports, rising tensions in Europe over the Greenland issue and potential tariffs, along with a negative trend in the domestic market, further dented investor sentiment.

At the interbank foreign exchange, the rupee opened at 91.05 and lost ground to touch an intraday low of 91.74 against the greenback. The domestic unit settled for the day at an all-time low of 91.64 (provisional), registering a decline of 67 paise from its previous close.

This is the biggest single day fall after November 21, 2025. On Tuesday, the rupee depreciated 7 paise to close at 90.97 against the US dollar.

Analysts suggest that geopolitical tensions, including the Greenland dispute that has strained US-Europe relations (which is a risk of NATO breakdown) and also the control of Venezuela's oil reserves by the US, are creating ripple effects across the global trade.

On the domestic equity market front, Sensex declined 270.84 points to settle at 81,909.63, while the Nifty dropped 75 points to 25,157.50.

Foreign institutional investors offloaded equities worth Rs 2,938.33 crore on Tuesday, according to exchange data.