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The Indian rupee closed marginally weaker on January 20, 2026, ending at 90.9750 per U.S. dollar compared to the previous close of 90.9100. The 0.1% decline reflects global currency market volatility, with investor sentiment cautious amid oil price fluctuations and expectations around U.S. Federal Reserve policy.
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Key Highlights
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Closing Update: The Indian rupee ended at 90.9750 per U.S. dollar, down 0.1% from the previous close of 90.9100.
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Market Drivers: The slight depreciation was attributed to higher crude oil prices and foreign fund outflows, which pressured the currency.
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Global Context: Strength in the U.S. dollar index, supported by expectations of a hawkish Federal Reserve stance, weighed on emerging market currencies.
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Domestic Factors: Despite strong equity inflows earlier in the week, the rupee faced resistance due to importer demand for dollars.
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Trading Range: Intraday movements saw the rupee fluctuate between 90.91 and 91.05, reflecting cautious sentiment.
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Outlook: Analysts expect the rupee to remain under pressure in the near term, with global oil prices and Fed policy signals being key determinants.
The rupee’s modest decline underscores the delicate balance between domestic resilience and global headwinds influencing India’s currency markets.
Sources: Reuters Market Announcements, MSN Finance Currency Converter
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