The Indian Rupee (INR=IN) opened at 89.98 per USD on December 11, 2025, nearly unchanged from yesterday's 89.9650 close. Stable crude prices and mixed Asian cues support the currency, as RBI liquidity measures counterbalance importer dollar demand ahead of key data releases.
India's Rupee exhibited poise in early trade, inching up marginally to 89.98 against the Dollar from the prior close of 89.9650, reflecting equilibrium between domestic liquidity tightness and benign global factors. RBI's recent refinance injections of ₹89.75 billion helped stabilize banking reserves at ₹7.25 trillion, easing pressure on the currency.
Traders remain vigilant on US Fed signals, oil hovering near $72/barrel, and impending IPO refunds from Corona Remedies/Wakefit, which could inject fresh liquidity. The pair's narrow range underscores RBI's deft interventions amid year-end dynamics.
Key Highlights:
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Level: INR=IN at 89.98 vs USD (nearly flat from 89.9650).[RTRS]
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Liquidity Backdrop: Banks' balances ₹7.25T; RBI refinance ₹89.75B.
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Global Drivers: Crude steady; Asia mixed; US futures flat.
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RBI Support: MSF drawdown ₹9.46B signals controlled tightness.
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Outlook: Rangebound 89.90–90.10; watch FII flows, oil.
Sources: Reuters (RTRS) currency data, RBI releases.