Key Takeaways

• NewsBusiness NewsIndia Business NewsA new low for rupee!
• Furthermore, stock market’s sluggish performance, driven by the exit of foreign investors, also contributed to rupee’s decline.

Key Development 1

NewsBusiness NewsIndia Business NewsA new low for rupee!

Currency falls 23 paise in early trade; reaches 91.20 against US dollarTrendingTop stocks to buyStock market todayTrump tariffsSilver price todayStandard deductionBudget 2026Gold price predictionTop stocks to buyStock market todayTrump tariffsSilver price todayStandard deductionBudget 2026Gold price predictionTop stocks to buyStock market todayTrump tariffsSilver price todayStandard deductionBudget 2026Gold price predictionA new low for rupee!

The currency had previously hit its lowest intra-day level of 91.14 and closing low of 90.93 against the dollar on 16 December 2025.Foreign institutional investors have offloaded over $2.7 billion from Indian debt and equities so far in January, as per NSDL data.Ritesh Bhansali, deputy CEO, Mecklai Financial Services told ET that there was mild intervention around 91/$1 levels, "and it seemed like the central bank was trying to protect the 91 level.

Furthermore, stock market’s sluggish performance, driven by the exit of foreign investors, also contributed to rupee’s decline.

Key Development 2

Earlier on Tuesday, the currency had closed at a record low of 90.97, down 7 paise amid strong demand for dollars from metal importers and continued foreign fund outflows that weighed on investor sentiment.as per forex traders, geopolitical uncertainties, including fresh US expansionary signals, have increased risk aversion and placed additional pressure on emerging market currencies.

Currency falls 23 paise in early trade; reaches 91.20 against US dollarTOI Business Desk / TIMESOFINDIA.COM / Updated: Jan 21, 2026, 09:30 ISTCommentsShareAA+Text SizeSmallMediumLarge 12 Rupee hit a new low on Wednesday, falling 23 paise to reach 91.20 against the US dollar in early trade, extending its downward streak.

The central bank would not want to burn its reserves as there was good dollar demand today,” another senior trader from a PSU bank told the finance daily.Over the coming days, rupee is expected to continue trading with a depreciation bias.About the AuthorTOI Business DeskThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India.

In 2025 alone, the currency fell 4.95%.

Key Development 3

The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies.

The sentiment is not that great, foreign investors are selling from India, equities are in the red, yields on government bonds are high, and there's the hanging sword of geopolitical uncertainty,” “The intervention today was to control the pace of depreciation and not to change the course of the rupee.

With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read MoreEnd of ArticleFollow Us On Social MediaPhotostoriesHow to make classic Poha for breakfast at homeKaty Perry and Justin Trudeau: Top viral moments that defined 2025’s most unexpected romance5 real animals that survive by drinking bloodLesser-known facts about Brooklyn Beckham'A Knight of the Seven Kingdoms': Everything to know about the new Westeros spin-offHow to make Punjabi Lobia Masala for dinner at home‘Jana Nayagan’: Everything to know about trailer, posters, cast and more of Thalapathy Vijay’s starrer amid CBFC delayTop 10 countries with the highest government debtFrom Nimona to Samosa: 9 delicious local dishes made with Green Peas5 reasons you could be on the next layoff list of your company123Hot PicksSilver price todayBudget 2026Karnataka DGP ScandalGold price predictionNitin NabinPublic holidays January 2026Bank Holidays JanuaryTop TrendingMatthew StaffordKyle Larson and Katelyn Sweet Net WorthKlay ThompsonElina Svitolina and Gael Monfils Net WorthShane Lowry Net WorthTom BradyPaul Scholes and Claire Froggatt Net WorthJohn Harbaughs WifeNHL TradeKelly PiquetTired of too many ads?go ad free nowTrending StoriesIn BusinessEntire WebsiteStock market today: Nifty50 opens below 25,200; BSE Sensex down over 200 pointsWall Street tumbles!

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