Adani regulatory buzz, offshore flows push rupee to new lows against dollar

January 24, 2026

The Indian rupee hit a record low of 91.97 against the dollar on Friday, driven by equity selling and importer demand. Reports of potential US regulatory summons to billionaire Gautam Adani in connection with alleged bribery and fraud significantly impacted the currency’s retreat. Foreign investors have divested over $3 billion from Indian markets this month.

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