Mumbai: The Indian rupee plummeted to a historic intraday low of 92.00 against the US dollar on Thursday, intensifying concerns over India’s economic stability amid relentless foreign investor outflows and a surging greenback. Industries, including oil refiners and pharmaceuticals, face escalated costs, potentially fuelling inflation and squeezing corporate margins. The Reserve Bank of India (RBI) may intervene via dollar sales to cap volatility, though its arsenal may strain with reserves dipping post-2025 interventions. Analysts predict mild support from any dollar pullback, but geopolitical tensions—US tariffs and Middle East unrest—could push the rupee toward 93 if unchecked. For India’s $3.7 trillion economy, this milestone underscores the need for swift reforms to bolster forex resilience, according to experts.