Overview
- The currency breached 91.01 against the dollar during Monday’s session and closed near an all-time low around 90.90–90.92, just above December’s record 90.93 close.
- In early trade on Tuesday, the rupee opened at 90.91 and weakened to 90.98, extending the prior session’s losses.
- Foreign investors sold Rs 3,262.82 crore of equities on Monday after Rs 4,346.13 crore on Friday, coinciding with declines in the Sensex and Nifty.
- Strong dollar demand from importers and corporate hedging outweighed a softer dollar index and lower Brent crude prices.
- Analysts flagged a negative bias near the psychological 91 level, citing geopolitical tension linked to President Trump’s tariff threats over Greenland and projecting a 90.60–91.30 trading range.