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The rupee snapped the four-day losing streak and appreciated 12 paise to settee astatine 90.18 (provisional) against the American currency connected Tuesday (January 6, 2026), tracking a diminution successful the U.S. dollar index.
Forex traders said anemic home equity markets and geopolitical tensions betwixt the U.S. and Venezuela capped crisp gains for the home unit.
At the interbank overseas exchange, the rupee opened astatine 90.22 against the U.S. dollar and traded successful the scope of 90.08-90.25 earlier settling astatine 90.18 (provisional), up 12 paise from its erstwhile close.
On Monday (January 5), the rupee closed 10 paise little astatine 90.30 against the U.S. dollar.
“We expect the Rupee to commercialized with a antagonistic bias connected hazard aversion successful planetary markets emanating retired of geopolitical tensions betwixt the U.S. and Venezuela. Surge successful crude lipid prices and FII outflows whitethorn further pressurise the Rupee,” said Anuj Choudhary, Research Analyst, Commodities Research, Mirae Asset Sharekhan.
However, a anemic Dollar amid disappointing U.S. economical information and immoderate involution by the RBI whitethorn enactment the rupee astatine little levels, Choudhary added.
Meanwhile, the dollar index, which gauges the greenback’s spot against a handbasket of six currencies, was trading 0.06% little astatine 98.21 aft the U.S. ISM Manufacturing PMI came successful beneath expectations.
Brent crude, the planetary lipid benchmark, was trading 0.47% higher astatine $62.05 per tube successful futures trade.
On the home equity marketplace front, the 30-share benchmark scale Sensex declined 376.28 points to settee astatine 85,063.34, portion the Nifty was down 71.60 points to 26,178.70.
Foreign organization investors offloaded equities worthy ₹36.25 crore connected Monday (January 5), according to speech data.
On the home macroeconomic front, India’s services assemblage maturation moderated successful December, arsenic the rates of enlargement successful incoming caller enactment and output eased to the slowest successful 11 months, and companies refrained from recruiting further staff, a monthly survey said connected Tuesday (January 6).
The seasonally adjusted HSBC India Services PMI Business Activity Index fell from 59.8 successful November to 58.0 successful December, indicating the slowest complaint of enlargement since January 2025.
