Rupee falls 8 paise to close at 89.98 against U.S. dollar

The rupee depreciated 8 paise to adjacent astatine 89.98 (provisional) against the U.S. dollar connected Monday (December 29), weighed down by overseas money outflows and a antagonistic inclination successful home equities.

Forex traders said persistent superior withdrawals from overseas investors, alongside heightened dollar request from importers, dented capitalist sentiments.

At the interbank overseas exchange, the section portion opened astatine 89.95 against the dollar and touched an intra-day debased of 89.99 and a precocious of 89.88.

At the extremity of Monday's trading session, the rupee was quoted astatine 89.98 (provisional) against the greenback.

On Friday, the rupee depreciated 19 paise to adjacent astatine 89.90 against the U.S. dollar.

"Traders whitethorn ticker retired for Federal Open Market Committee (FOMC) minutes and halfway PCE (Personal Consumption Expenditures) terms scale information from the U.S. this week. USDINR spot terms is expected to commercialized successful a scope of 89.60 to 90.20," said Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading marginally higher by 0.02% astatine 98.03, arsenic astir markets are successful a vacation temper and trading volumes are thin, limiting large moves and keeping the DXY range-bound.

Brent crude, the planetary lipid benchmark, was trading 1.48% higher astatine $61.54 per tube successful futures trade, amid bladed year-end trading and ongoing concerns astir planetary demand.

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.

Meanwhile, External Affairs Ministry spokesperson Randhir Jaiswal has said that India and the U.S. stay engaged successful concluding a fair, balanced and mutually beneficial bilateral commercialized agreement.

Meanwhile, India's forex reserves jumped $4.368 cardinal to $693.318 cardinal during the week ended December 19, the Reserve Bank said connected Friday (December 26, 2025).

The wide kitty had accrued $1.689 cardinal to $688.949 cardinal successful the erstwhile week.