Indian Rupee Posts Sharpest Decline in Two Months as State Banks Intervene
INR Performance
The Indian Rupee faced significant downward pressure today, closing at **90.8650** against the US Dollar. This marks a sharp **0.6%** decline in a single session, representing the currency's steepest daily drop since mid-November of last year.
Selling momentum has pushed the Rupee within striking distance of its historical floor. The currency is now hovering just above the all-time low of **91.0750** recorded in December.
On a weekly horizon, the Rupee concluded with a total loss of approximately **0.7%**. This sustained weakness reflects a tightening environment as the exchange rate nears critical psychological and technical support levels.