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The Indian rupee slipped beneath the 90-mark and settled the time little by 22 paise astatine 90.20 (provisional) against the U.S. dollar connected Friday (January 2, 2026), amid disappointing macroeconomic information and strengthening of the American currency successful overseas markets.
Forex traders said persistent overseas money outflows and beardown dollar request from importers further dented capitalist sentiment.
However, anemic crude lipid prices and a surge successful the home equities cushioned the downside, they said, adding that immoderate involution by the RBI whitethorn enactment the rupee astatine little levels.
At the interbank overseas exchange, the section portion opened astatine 89.95 against the dollar, and touched an intra-day debased of 90.25 and a precocious of 89.92 during the session.
At the extremity of Friday's (January 2, 2026) trading session, the rupee was quoted astatine 90.20 (provisional) against the greenback, down 22 paise from its erstwhile close.
On Thursday (January 1, 2026), the rupee depreciated 10 paise to adjacent astatine 89.98 against the U.S. dollar.
"Indian rupee fell connected Friday, breaching the 90-mark erstwhile again amid disappointing macroeconomic information and a affirmative US dollar index... FII outflows excessively weighed connected the rupee.
However, anemic crude lipid prices and a surge successful the home equities cushioned the downside. RBI reportedly sold dollars via state-owned banks, which besides prevented the gait of fall," said Anuj Choudhary, Research Analyst, Commodities, Mirae Asset Sharekhan.
On the home macroeconomic front, India's manufacturing assemblage enactment witnessed the weakest betterment successful 2 years successful December, driven by softer expansions successful caller orders.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) — an indicator of assemblage show — fell from 56.6 successful November to 55 successful December. In the PMI parlance, a people supra 50 means expansion, portion a people beneath 50 denotes contraction.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.07 per cent higher astatine 98.38.
Brent crude, the planetary lipid benchmark, was trading 0.58% little astatine $60.52 per tube successful futures trade.
On the home equity marketplace front, the Sensex jumped 573.41 points to settee astatine 85,762.01, portion the Nifty surged 182 points to 26,328.55.
Foreign organization investors offloaded equities worthy ₹3,268.60 crore connected Thursday (January 1, 2026), according to speech data.
