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Indian rupee sinks to record low of 91.7 per US dollar

Scroll | January 21, 2026 10:40 PM CST

The Indian rupee fell below the 91.5 mark against the United States dollar on Wednesday for the first time, Reuters reported.

The rupee fell to an all-time low of 91.7 as of 3.30 pm.

The rupee was weighed down by continued foreign fund outflows amid a cautious global mood, PTI reported.

It also opened weaker amid risk aversion triggered by heightened tensions about Greenland and remained under pressure through the session, Reuters reported.

A negative trend in domestic markets further dented investor sentiment, PTI reported.

Greenland is a semi-autonomous territory of Denmark, a US ally.

United States President Donald Trump has repeatedly raised the idea of acquiring Greenland from Denmark. Greenland has maintained that it does not want to be part of the US, which already operates a military base on the island.

On January 16, Trump indicated that he could punish countries with tariffs if they do not support Washington controlling Greenland.

On Wednesday, the rupee was the worst-performing Asian currency. It is down 2% so far this month, after falling about 5% in 2025, Reuters reported.

A day earlier, the rupee had depreciated by 7 paise to close at a record low of 90.9 against the dollar.

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