Rupee slips to record intra-day low against US dollar
The Indian rupee opened the interbank foreign exchange market at 90.53 against the US dollar and weakened further to hit a record intra-day low of 90.80. The move represented a 31-paise decline from the previous close of 90.49, a drop of roughly 0.34%.
Market movement in brief
- Opening rate: 90.53
- Intra-day low: 90.80 (record)
- Change from previous close: -0.31 (31 paise)
What the numbers mean
Such intra-day weakness reflects short-term pressure in the currency market. Even modest moves of a few paise can affect import costs, corporate earnings for dollar-linked businesses, and investor sentiment. For traders, momentum around the 90.80 mark will be watched closely for signs of further weakness or a quick rebound.
What to watch next
Market participants will be monitoring foreign fund flows, global dollar strength, and domestic liquidity for clues on the rupee’s next direction. Any fresh macro data or central bank signals could influence near-term currency trends.