The Indian rupee weakened 0.17% to close at 89.4575 per U.S. dollar on Friday, compared with 89.3050 in the previous session. The move keeps the currency hovering near recent record lows, as persistent dollar strength, risk-off global sentiment and foreign portfolio outflows continue to weigh on emerging-market FX.
The rupee ended marginally weaker on Friday, slipping 0.17% to 89.4575 against the U.S. dollar, versus Thursday’s close of 89.3050 on the interbank market. The currency traded in a narrow intraday band but remained close to the recent record-low zone near 89.5, underscoring lingering pressure on India’s FX complex.
Traders attributed the mild decline to steady dollar demand from importers, elevated U.S. yields and cautious risk sentiment after the rupee’s sharp slide earlier in November. While the Reserve Bank of India is believed to be intermittently supplying dollars to smooth volatility, market participants expect the 89–89.50 band to remain a key battleground in the near term, with global data and flows dictating direction.
Key highlights
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Rupee closes at 89.4575 per U.S. dollar, down 0.17% from 89.3050.
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Currency trades close to recent record lows around 89.5 amid fragile sentiment.
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Dollar demand from importers and firm U.S. yields keep pressure on emerging currencies.
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RBI seen intervening selectively to curb excess volatility, not to defend a specific level.
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Traders eye upcoming U.S. data, Fed commentary and local flows for cues on whether rupee re-tests new lows or stabilises in the current range.
Sources: Reuters via MarketScreener; Bloomberg FX data; Moneycontrol; Business Standard; NDTV Profit; Deccan Herald; NiftyTrader.