Rupee Hits Record Low Of 92 Against Dollar: How Outflows, Hedging And Dollar Strength Bite Currency

Описание: The Indian rupee has slipped to a record low of 92.00 against the US dollar, confirming that currency pressure has moved from a slow grind to a visible break. Foreign investors have pulled nearly four billion dollars out of Indian equities in January, draining a key source of dollar supply. At the same time, rapid rupee losses have changed market behaviour, prompting importers, investors and companies to rush into dollar buying and hedging. Speculators have added long-dollar positions, while rising gold imports have increased trade-related dollar demand. The RBI has intervened to smooth volatility but has avoided defending a specific level. With global dollar strength, persistent outflows and heavy hedging demand, traders warn the rupee may remain vulnerable even as policy support offers limited relief.

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