On January 23, 2026, the Indian rupee opened at ₹91.50 per US dollar, up 0.14% from its previous close of ₹91.63. As of 09:25 IST, the currency was trading steady near this level, reflecting improved sentiment amid strong domestic liquidity and stable global cues.
The Indian rupee began today’s session on a firmer note, opening at ₹91.50 per US dollar on January 23, 2026, compared to the previous close of ₹91.63. This marks a 0.14% appreciation, signaling resilience in the currency despite mixed global market conditions.
Key Highlights
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Opening Level: The rupee opened stronger at ₹91.50/USD, gaining against the greenback.
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Previous Close: On January 22, the rupee had settled at ₹91.63/USD.
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Real-Time Update: As of 09:25 IST, the rupee was trading steady near its opening level, showing stability in early trade.
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Drivers: Analysts attribute the uptick to robust domestic liquidity, foreign inflows, and stable crude oil prices, which ease pressure on India’s import bill.
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Global Context: The US dollar index remained range-bound, offering support to emerging market currencies like the rupee.
Why It Matters
A stronger rupee helps contain inflationary pressures by reducing import costs, particularly for crude oil. It also reflects investor confidence in India’s macroeconomic fundamentals. Traders are watching whether the rupee can sustain gains through the day, especially with global markets awaiting US economic data later this week.
Sources: Reuters India, Reserve Bank of India, NSE Currency Data