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The rupee depreciated 10 paise to adjacent astatine 89.98 (provisional) against the U.S. dollar connected Thursday (January 1, 2026), the archetypal trading league of 2026, arsenic sustained overseas money outflows and a antagonistic inclination successful home equities dented capitalist sentiments.
Forex traders said the USD/INR brace traded successful a choky range, arsenic enactment from easing crude lipid prices was offset by a affirmative code successful the U.S. dollar scale and overseas money outflows.
The Indian rupee declined connected the archetypal time of the year, aft registering a 5% slump successful 2025, arsenic important money outflows kept dollar request elevated and the rupee nether pressure.
At the interbank overseas exchange, the section portion opened astatine 89.94 against the dollar, touched an intra-day debased of 89.99, and a precocious of 89.93.
At the extremity of Thursday's trading session, the rupee was quoted astatine 89.98 (provisional) against the greenback, down 10 paise from its erstwhile close.
On Wednesday, the rupee depreciated by 13 paise to adjacent astatine 89.88 against the U.S. dollar.
In 2025, the rupee slumped 5% amid persistent outflows of overseas superior and heightened dollar request from importers, making it 1 of the worst-performing Asian currencies.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.09% higher astatine 98.32.
Brent crude, the planetary lipid benchmark, was trading 0.78% higher astatine $60.85 per tube successful futures trade.
Forex traders said the USD/INR brace is trading nether unit owed to aggregate factors, including a displacement toward hazard aversion, driven by persistent superior withdrawals from overseas investors up of the vacation break, alongside heightened greenback request from importers.
On the home equity marketplace front, the banal marketplace ended the archetypal trading league of 2026 connected a level note. Sensex dipped 32 points to 85,188.60, portion the Nifty was up 16.95 points to 26,146.55.
Foreign Institutional Investors offloaded equities worthy ₹3,597.38 crore connected Wednesday, according to speech data.
On the home macroeconomic front, gross GST collections roseate 6.1% to implicit ₹1.74 lakh crore successful December 2025, connected dilatory maturation successful revenues from home income pursuing the sweeping taxation cuts, according to authorities information released connected Thursday.
Gross Goods and Services Tax (GST) gross successful December 2024 was implicit ₹1.64 lakh crore.
