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On Thursday (January 1, 2026), the primary commerce of 2026, the rupee depreciated by 10 paise to shut at 89.98 (provisional) in opposition to the US greenback, as persistent abroad capital outflows and detrimental tendencies in home equities worsened investor sentiment.
Foreign exchange merchants stated the US greenback/Indian rupee traded inside a slender vary as help from easing oil costs was offset by an increase within the US greenback index and overseas capital outflows.
The Indian rupee depreciated originally of the 12 months after posting a 5% depreciation in 2025 as massive capital outflows continued to extend demand for {dollars}, placing stress on the rupee.
In interbank overseas change, the native foreign money opened at 89.94 in opposition to the greenback, with an intraday low of 89.99 and an intraday excessive of 89.93.
As of Thursday’s shut, the rupee stood at 89.98 (provisional) in opposition to the greenback, down 10 paise from the earlier shut.
On Wednesday, the rupee depreciated by 13 paise to shut at Rs 89.88 in opposition to the US greenback.
In 2025, the rupee depreciated by 5%, changing into one of many worst-performing Asian currencies as a result of continued outflows of overseas capital and elevated demand for {dollars} from importers.
In the meantime, the greenback index, which measures the greenback’s power in opposition to a basket of six currencies, was buying and selling 0.09% greater at 98.32.
Brent crude oil, the world oil benchmark, was buying and selling 0.78% greater at $60.85 per barrel in futures buying and selling.
Foreign exchange merchants stated the USD/Indian rupee was buying and selling beneath stress as a result of a number of components, together with elevated greenback demand from importers and a shift in the direction of danger aversion as a result of persistent withdrawals from overseas traders forward of the vacation break.
Within the home inventory market, the inventory market ended the primary session of 2026 flat. The Sensex fell 32 factors to 85,188.60 and the Nifty rose 16.95 factors to 26,146.55.
International institutional traders bought shares value Rs 3,597.38 crore on Wednesday, in accordance with change information.
On the home macroeconomic entrance, complete GST collections elevated by 6.1% to over Rs 1,740 crore in December 2025 as home gross sales progress slowed after important tax cuts, in accordance with authorities information launched on Thursday.
Whole Items and Companies Tax (GST) income for December 2024 was over Rs 1,640 crore.
