Archive · 7 Jan 2026
Rupee rises, stock market falls
The Indian rupee went up by 31 paise to close at 89.87 against the US dollar on Wednesday.
This happened because the Reserve Bank of India (RBI) might have stepped in, and the price of oil went down.
However, the stock market in India fell for the third day in a row.
This was because investors were worried about the economy and the US might put higher taxes on Indian products.
Some stocks like Titan Company and HCL Technologies did well, but others like Cipla and Maruti Suzuki did not.
Experts think the rupee might stay between 89.50 and 90.50 for now.
Also, the Indian services sector grew a bit slower in December.
The rupee appreciated 31 paise to close at 89.87 (provisional) against the US dollar on Wednesday, snapping a four-day losing streak.
The rupee's rise was attributed to possible intervention by the Reserve Bank of India (RBI) and a fall in global crude oil prices.
The Indian stock market fell for the third consecutive day, with the Sensex and Nifty 50 declining by 0.12% and 0.14% respectively.
Sectoral performance was mixed, with Nifty IT, Consumer Durables, Chemicals, and Pharma closing with gains, while Nifty Auto, Oil & Gas, Realty, and PSU Bank closed lower.
US President Donald Trump's threat of higher tariffs on Indian exports due to India's purchase of Russian oil weighed on market sentiment.
- Who
- Indian Rupee, US Dollar, Forex Traders, Anuj Choudhary (Research Analyst), Vinod Nair (Head of Research, Geojit Investments), Anil Kumar Bhansali (Head of Treasury, Finrex Treasury Advisors LLP)
- What
- Rupee appreciated 31 paise against the US dollar; Indian stock market fell for the third consecutive day
- When
- Tuesday, January 6, 2026 and Wednesday, January 7, 2026
- Where
- Interbank foreign exchange market, India
- Why
- Tracking a decline in the US dollar index, weak domestic equity markets, geopolitical tensions between the US and Venezuela, possible intervention by the Reserve Bank of India (RBI), and a fall in global crude oil prices
- Rupee closing rate (Jan 6)
- 90.18
- Rupee closing rate (Jan 7)
- 89.87 (provisional)
- Previous closing rate (Jan 5)
- 90.30
- Dollar index rate (Jan 7)
- 98.65
- Brent crude price (Jan 7)
- $60.10 per barrel
- Sensex closing (Jan 7)
- 84,961.14
- Nifty closing (Jan 7)
- 26,140.75
- FII outflows (Jan 6)
- ₹107.63 crore
- HSBC India Services PMI (Dec)
- 58.0
Sources
Rupee rises 12 paise to close at 90.18 against US dollar
Rupee snaps 4-day losing run, rises 12 paise to 90.18 against US dollar
Rupee Breaks Four-Day Slide As Dollar Softens; Will The Recovery Continue?
Rupee Rises 12 Paise To Close At 90.18 Against US Dollar
Sensex, Nifty 50 fall for 3rd consecutive day; mid, small-caps outperform— 10 key highlights from Indian stock market
Rupee climbs 31 paise to close at 89.87 against US dollar
Top Gainers & Losers on Jan 07: Reliance Infra, Cipla, OLA, Maruti Suzuki, Hindustan Copper among top losers
Sensex, Nifty end lower amid geopolitical worries
Markets fall for third straight session on geopolitical, tariff worries; Sensex slips 102 points, Nifty ends lower
Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say
Crude oil futures fall over 2 pc to Rs 5,100 per barrel on weak global trends
