Rupee cracks 92 barrier vs USD, to all-time low amid outflows and importer anxiety

The Indian rupee plunged to an all-time low of 91.99 on Thursday, driven by weak foreign capital inflows and corporate hedging. This marks a 2% decline year-to-date and nearly 5% since US tariffs were imposed. The Reserve Bank of India likely intervened to slow the rupee's fall as it neared the 92 level.