Rupee slips 14/paise to 90.92/$

Mumbai: The rupee breached the 91-a-dollar mark for the second time in a month before ending 14paise down at 90.92 against the greenback, as renewed concerns over global trade uncertainties accelerated foreign fund withdrawal. Despite weak American currency and lower crude oil prices, selling pressure in domestic equities pushed the Indian currency downward, forex analysts said.

Investors were also concerned after US President Donald Trump announced tariffs on European countries if they resisted his plan to control Greenland. At the interbank foreign exchange, the rupee opened at 90.68 and slid past the crucial 91.01 against the greenback during the session. It finally settled 14 paise lower at 90.92 against the dollar, just 1 paise above its record low closing level.

On December 16, 2025, the rupee reached its lowest intra-day level of 91.14 and its lowest closing level of 90.93 against the American currency. On Friday, the rupee crashed 44paise to settle near its lowest level at 90.78 against the US dollar, after losing 17paise in the preceding two sessions.

Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said the rupee drifted lower for the fourth consecutive session amid persistent FII outflows and weak domestic markets. Dollar demand from corporates and hedgers further pressured the rupee.

He said the rupee is expected to trade with a negative bias amid risk aversion in global markets, amid brewing geopolitical tensions between the US and European nations over control of Greenland.