- KR Bharat
- 2026-01-02
The rupee traded in a narrow range on Friday morning, appreciating by 6 paise to 89.92 against the US dollar amid thin liquidity and intervention by the Reserve Bank of India. Forex traders said everyday demand-supply imbalances kept the currency tilted toward weakness, even as the RBI continued to protect the 90 level on the USD/INR pair.
Support from positive domestic equities was offset by sustained foreign fund outflows. The rupee opened at 89.95 and strengthened to 89.92, recovering from Thursday’s close of 89.98. Market participants expect the currency to remain range-bound in the near term, with USD/INR likely to trade between 89.30 and 90.20, barring heavy dollar selling by the central bank.
Meanwhile, the dollar index slipped marginally, Brent crude edged higher, and domestic equity benchmarks Sensex and Nifty posted early gains despite continued selling by foreign institutional investors.
