Archive · 22 Jan 2026
Rupee drops 1 paisa against US dollar
The Indian rupee started the day stronger but ended up a tiny bit weaker against the US dollar.
It opened at 89.53 and even reached a high of 89.45, but by the end of the day, it was at 89.68, which is just 1 paisa less than the day before.
This happened because while the stock market in India did well, the price of oil went up, and there wasn't much progress in talks between the US and India about trade.
The US dollar also wasn't very strong, which helped the rupee a bit.
Meanwhile, metal stocks in the Nifty Metal index kept going up for the fifth day in a row, with NMDC being the biggest winner.
The overall stock market had a mixed day, with some parts doing well and others not so much.
The rupee opened at 89.53 against the US dollar and touched an intra-day high of 89.45.
It closed at 89.68, down 1 paisa from its previous close of 89.67.
Positive domestic equities were offset by a recovery in crude oil prices and lack of progress in US-India trade negotiations.
The Nifty Metal index gained 0.54% for the fifth consecutive session, led by NMDC's 4.28% rise.
The Sensex ended marginally lower, while the Nifty inched higher amid IT weakness and mixed sectoral trends.
- Who
- Indian Rupee, Nifty Metal Index, Sensex, Nifty
- What
- Rupee slightly declined, Nifty Metal rose, Sensex and Nifty mixed
- When
- Monday and Tuesday
- Where
- Interbank foreign exchange market, Indian stock market
- Why
- Recovery in crude oil prices, lack of progress in US-India trade negotiations, positive domestic equities, global cues
Positive Domestic Equities
Recovery in Crude Oil Prices
Market Influences
Positive Domestic Equities
Positive domestic equities supported the rupee.
Recovery in Crude Oil Prices
Recovery in crude oil prices weighed on the rupee.
- Opening Rate
- 89.53
- Highest Rate
- 89.45
- Closing Rate
- 89.68
- Change
- Down 1 paisa
- Previous Close
- 89.67
- US Dollar Index
- 98.18
- WTI Crude Price
- $57.92
- Brent Crude Price
- $62.01
- Nifty Metal Index Gain
- 0.54%
- Nifty Metal 5-Day Gain
- 1.93%
- Top Performer
- NMDC (4.28%)
- Sensex Change
- Down 0.05%
- Nifty Change
- Up 0.02%
- IT Index Change
- Down 0.80%
- Media Index Change
- Up 0.84%
Sources
Rupee slips 1 paisa to close at 89.68 against US dollar
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