# Indian Rupee hits record low of 86.39 per Dollar

> The Indian rupee hit a record low of 86.39 against the US dollar, driven by a stronger dollar following robust US job data showing 256,000 new jobs. Reduced Federal Reserve rate cut expectations and $4 billion in FII ou…

Published: 2026-09-20 · Desk: Latest · Source: Bloomberg

The Indian rupee hit a record low on Monday, slipping past the 86 mark and declining 0.4% to 86.39 against the US dollar. This drop was part of a broader weakness in Asian currencies, fueled by a stronger dollar after the release of robust US employment data. The US nonfarm payrolls report revealed 256,000 new jobs added last month, far surpassing expectations of 160,000. The strong economic results have lessened the chances of immediate rate cuts by the Federal Reserve, bolstering the dollar and putting pressure on emerging market currencies like the rupee.

Foreign institutional investors (FIIs) have continued withdrawing funds from Indian markets, compounding the rupee’s troubles. This month alone, FIIs have pulled out over $4 billion from Indian equities, following $11 billion in outflows during the previous quarter. Uncertainty around US monetary policy, coupled with concerns over President-elect Donald Trump's proposed policies and increased hedging activity, has further strained the rupee.

Original reporting: https://www.bloomberg.com/news/articles/2025-01-13/rupee-falls-past-86-to-new-record-on-dollar-rally-oil-surge?fbclid=IwY2xjawHzGXlleHRuA2FlbQIxMAABHZ32gJ8Ew8FnOS_bgnERSUUO1_RCezSsRNOzKt-esMSYirWA3RIa4KettQ_aem_IuXZ6iIxth7y5p9Mn3sHGw&embedded-checkout=true
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