The Times of India

A new low for rupee! Currency falls 23 paise in early trade; reaches 91.20 against US dollar

The Indian rupee hit a new low of 91.20 against the US dollar on Wednesday, extending its downward trend. This depreciation is attributed to strong dollar demand from metal importers, continued foreign fund outflows, and geopolitical uncertainties. The domestic stock market's sluggish performance also contributed to the rupee's decline.