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Rupee weakens to new record low of 91.81 as strong US dollar weighs

January 23, 2026

RBI's Money ManagementMeanwhile, the RBI's holdings of US Treasury bonds have fallen to a five-year low as India pushes to support rupee versus the US dollar and diversify its forex reserves. They have dropped to $174 billion, down 26% from a 2023 peak and accounting for one-third of India's forex reserves compared with 40% a year prior.

The rupee has fallen 5.3% against the US dollar so far this year, putting it on track for its steepest annual decline since 2022

Credit: Hindustantimes

Key Highlights

RBI's Money ManagementMeanwhile, the RBI's holdings of US Treasury bonds have fallen to a five-year low as India pushes to support rupee versus the US dollar and diversify its forex reserves.
They have dropped to $174 billion, down 26% from a 2023 peak and accounting for one-third of India's forex reserves compared with 40% a year prior.

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Sources

Rupee weakens to new record low of 91.81 as strong US dollar weighs

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Rupee weakens to new record low of 91.81 as strong US dollar weighs

Key Highlights

Sources

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