The rupee slumped sharply on Wednesday, falling 76 paise to settle at an all-time low of 91.73 (provisional) against the US dollar, weighed down by persistent foreign fund outflows, heightened global uncertainty, and a broad risk-off sentiment in international markets.
Forex traders noted that the domestic currency had earlier hit a record low of 91.14 on December 16, 2025, and has now declined 1.50 per cent so far this month, largely due to rising geopolitical concerns.
Escalating tensions in Europe over the Greenland issue and potential tariff actions, coupled with a weak trend in domestic equity markets, further dampened investor sentiment and added pressure on the rupee.