Rupee falls 10 paise to close at 89.98 against US dollar
GST
Dated:- 1-1-2026
PTI
Mumbai, Jan 1 (PTI) The rupee depreciated 10 paise to close at 89.98 (provisional) against the US dollar on Thursday, the first trading session of 2026, as sustained foreign fund outflows and a negative trend in domestic equities dented investor sentiments.
Forex traders said the USD/INR pair traded in a tight range, as support from easing crude oil prices was offset by a positive tone in the US dollar index and foreign fund outflows.
The Indian rupee declined on the first day of the year, after registering a 5 per cent slump in 2025, as significant fund outflows kept dollar demand elevated and the rupee under pressure.
At the interbank forei
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8 per cent higher at USD 60.85 per barrel in futures trade.
Forex traders said the USD/INR pair is trading under pressure due to multiple factors, including a shift toward risk aversion, driven by persistent capital withdrawals from foreign investors ahead of the holiday break, alongside heightened greenback demand from importers.
On the domestic equity market front, the stock market ended the first trading session of 2026 on a flat note. Sensex dipped 32 points to 85,188.60, while the Nifty was up 16.95 points to 26,146.55.
Foreign Institutional Investors offloaded equities worth Rs 3,597.38 crore on Wednesday, according to exchange data.
On the domestic macroeconomic front, gross GST collections rose 6.1 per cent to over Rs 1.74 l
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