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Amid rising oil costs and sustained outflows of overseas funds, the rupee depreciated for the third straight session on Friday (January 16, 2026), dropping by 50 paise to settle close to a low of 90.84 (provisional) towards the US greenback.
Foreign exchange merchants stated risky world situations and a powerful U.S. forex accelerated the exit of overseas institutional traders, at the same time as home traders resorted to worth shopping for.
Merchants stated the rupee confronted stress after figures launched on Thursday (15 January 2026) confirmed India’s commerce deficit widened barely to $25.04 billion in December 2025, in comparison with $24.53 billion in November and $22 billion in December 2024.
In interbank overseas alternate, the rupee opened at 90.37 rupees and hit an intraday low of 90.89 rupees, barely above its closing document low. It closed at 90.84 towards the greenback (provisional worth), down 50 paise from the closing worth on Wednesday (January 14, 2026).
After falling by 6 paise on Tuesday (January 13, 2026), the rupee depreciated by 11 paise towards the US greenback on Wednesday (January 14, 2026) to shut at 90.34.
The home overseas alternate market was closed on Thursday (January 15, 2026) because of the Mumbai Municipal Company elections.
The Indian forex hit its lowest closing degree of 90.93 on December 16, which additionally hit a lifetime low of 91.14 in intraday buying and selling.
Anuj Chaudhary, analysis analyst at Mirai Asset Sharekhan, stated the rupee fell for the third straight session on the energy of the greenback in a single day as overseas capital outflows continued.
He stated the greenback strengthened on better-than-expected U.S. unemployment claims and manufacturing knowledge.
“We anticipate the rupee to commerce with a unfavorable bias resulting from uncertainties surrounding commerce talks and geopolitical tensions. A stronger greenback, FII outflows from capital markets and better oil costs may put stress on the rupee,” Chaudhary stated, predicting the spot worth of the US greenback to Indian rupee to commerce within the “vary of 90.50-91.25.”
In the meantime, the greenback index, which measures the greenback’s energy towards a basket of six currencies, was buying and selling 0.06% decrease at 99.26.
Brent crude, the worldwide oil benchmark, was buying and selling 1.14% increased at $64.49 per barrel in futures buying and selling.
Within the home inventory market, the Sensex rose 187.64 factors to shut at 83,570.35, whereas the Nifty rose 28.75 factors to 25,694.35.
Overseas institutional traders offered shares price Rs 4,781.24 crore on Wednesday (January 14, 2026), in keeping with alternate knowledge.
