The rupee breached the 91-a-dollar mark for the second time in a month before ending 14 paise down at 90.92 (provisional) against the greenback on Monday (January 19, 2026), as renewed concerns over global trade uncertainties accelerated foreign fund withdrawal.

Despite weak American currency and lower crude oil prices, selling pressure in domestic equities pushed the Indian currency downward, forex analysts said.

Investors were also concerned after U.S. President Donald Trump announced tariffs on European countries if they resisted his plan to control Greenland.

At the interbank foreign exchange, the rupee opened at 90.68 and slid past the crucial 91.01 against the greenback during the session. It finally settled 14 paise lower at 90.92 (provisional) against the dollar, just 1 paise above its record low closing level.

On December 16, 2025, the rupee reached its lowest intra-day level of 91.14 and its lowest closing level of 90.93 against the American currency.

On Friday,(January 16, 2026) the rupee crashed 44 paise to settle near its lowest level at 90.78 against the U.S. dollar, after losing 17 paise in the preceding two sessions.

Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, was trading 0.23% lower at 98.97.

Brent crude, the global oil benchmark, was trading 0.94% lower at $63.53 per barrel in futures trade.

On the domestic equity market front, the Sensex declined 324.17 points or 0.39% to settle at 83,246.18, while the Nifty fell 108.85 points or 0.42% to 25,585.50.

Foreign institutional investors offloaded equities worth ₹4,346.13 crore on Friday (January 16, 2026), according to exchange data.