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On Monday (December 29), the rupee fell by 8 paise towards the US greenback to shut at 89.98 (provisional), weighed down by abroad capital outflows and unfavourable developments in home shares.
Overseas trade merchants mentioned robust demand for {dollars} from importers, in addition to persistent capital withdrawals from overseas buyers, had soured investor sentiment.
On the interbank overseas trade, the native forex opened at 89.95 towards the greenback, with an intraday low of 89.99 and an intraday excessive of 89.88.
As of Monday’s shut, the rupee stood at 89.98 (provisional) towards the greenback.
On Friday, the rupee depreciated by 19 paise to shut at Rs 89.90 towards the US greenback.
“Merchants could give attention to the Federal Open Market Committee (FOMC) minutes and US core PCE (private consumption expenditures) worth index information this week. Spot USD is predicted to commerce within the vary of $89.60-$90.20,” mentioned Anuj Chaudhary, analysis analyst at Mirai Asset Sharekhan.
In the meantime, the greenback index, which measures the greenback’s power towards a basket of six currencies, was buying and selling 0.02% larger at 98.03 as most markets had been in a vacation temper and buying and selling volumes had been skinny, limiting large actions and DXY remaining range-bound.
Brent crude, the worldwide oil benchmark, was buying and selling 1.48% larger at $61.54 a barrel in futures buying and selling as year-end buying and selling light and considerations about world demand persevered.
Foreign exchange merchants mentioned the USD/Indian rupee was buying and selling beneath strain as a consequence of a number of elements, together with elevated greenback demand from importers and a shift in direction of threat aversion as a consequence of persistent withdrawals from overseas buyers forward of the vacation break.
In the meantime, Exterior Affairs Ministry Spokesperson Randhir Jaiswal mentioned India and the US stay dedicated to a good, balanced and mutually useful bilateral commerce settlement.
In the meantime, the Reserve Financial institution of India introduced on Friday (December 26, 2025) that India’s overseas trade reserves elevated by $4.368 billion to $693.318 billion within the week ended December 19.
The general kitty elevated by $1.689 billion within the earlier week to $688.949 billion.
