Rupee Closes at Record Low of 91.69 Amid Global Weakness and Absence of RBI Intervention
**Indian Rupee Plunges to Record Low**
The Indian rupee witnessed a sharp correction on Wednesday, dropping to a historic low against the dollar. This decline represents the currency's most significant single-session fall in **two months**.
Market sentiment was heavily impacted by a widespread global bond rout, which intensified fears regarding foreign capital outflows.
Investor nervousness was further aggravated by geopolitical uncertainties, specifically regarding U.S. statements concerning the potential acquisition of Greenland. These factors combined to drive a distinct risk-off mood in the currency markets.