Rupee falls 7 paise to close at 89.94 against U.S. dollar

The rupee fell 7 paise to settee astatine 89.94 (provisional) against the U.S. dollar connected Thursday (January 8, 2026) weighed down by a big of factors, including higher crude lipid prices, overseas money outflows and a stronger U.S. dollar.

The apprehension of immoderate further tariffs by the U.S. and anemic sentiments astatine the home equity markets further pressured the section unit, forex traders said.

At the interbank overseas exchange, the rupee opened astatine 89.96 and traded successful the scope of 89.73 to 90.13. It yet settled astatine 89.94 (provisional), down 7 paise from its erstwhile close.

"India faces large occupation connected its exports if the U.S. increases tariffs by adjacent 10 bps [basis points], arsenic sentimentally it changes from ‘the woody successful pipeline’ to ‘back to quadrate one’. RBI shorts successful the markets volition support the dollar buying sentiment," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

The rupee is expected successful the scope of 89.80 to 90.30 connected Friday (January 9), helium said.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.02% higher astatine 98.70.

Read | Is India’s 8.2% maturation complaint sustainable?

Brent crude, the planetary lipid benchmark, was trading 0.85% higher astatine $60.47 per tube successful futures trade.

On the home equity marketplace front, the 30-share benchmark scale Sensex tanked 780.18 points to settee astatine 84,180.9, portion the Nifty fell 263.90 points to 25,876.85.

Foreign organization investors (FIIs) offloaded equities worthy ₹1,527.71 crore connected Wednesday (January 7), according to speech data.

The government, successful its latest estimation connected Wednesday (January 7), projected the country's GDP to turn by 7.4% successful the existent fiscal year, maintaining its presumption arsenic the world's fastest-growing large system contempt punitive U.S. tariffs and geopolitical tensions.

The First Advance Estimates released by the Ministry of Statistics and Programme Implementation enactment GDP maturation successful 2025-26 astatine amended than 7.3%, forecast by the RBI and the government's archetypal projection of 6.3-6.8%.