Rupee in red: Currency drops 10 paise to 90.44 against US dollar

Rupee extended its losing streak for a 3rd consecutive league connected Friday, slipping 10 paise to 90.44 against the US dollar. Persistent overseas money outflows, and a stronger greenback, continued to resistance down the home currency.

In aboriginal interbank trade, rupee opened astatine 90.37 earlier drifting further to 90.44, down from its erstwhile close. Earlier connected Wednesday, the currency ended astatine 90.34, a diminution of 11 paise, aft a 6-paise driblet the time before. Forex markets remained closed connected Thursday for the Mumbai municipal corp elections. Traders noted that the autumn successful rupee was cushioned by declining crude lipid prices and a affirmative temper successful the equity markets, which helped cheque sharper losses. Globally, the dollar index, which gauges the US currency’s show against six large currencies, was marginally lower, slipping 0.02% to 99.10. Analysts said the dollar’s question followed the merchandise of US ostentation information for December, which has lowered expectations of an contiguous involvement complaint chopped by the Federal Reserve. Pressure connected Rupee further accrued aft authoritative information released connected Thursday showed India’s commercialized shortage widening somewhat to $25.04 cardinal successful December 2025, against a shortage of $24.53 cardinal successful November and $22 cardinal successful December 2024.

Meanwhile successful the commodities market, Brent crude was trading 0.34% little astatine $63.54 per tube successful futures trade. On the home equities front, benchmark indices opened higher. The Sensex precocious 210.04 points to 83,592.75, portion the Nifty gained 34.65 points to scope 25,700.25. Despite the upbeat equity trend, overseas organization investors remained sellers, offloading shares worthy Rs 4,781.24 crore connected Wednesday, arsenic per speech data.