Rupee slips slightly after opening at 90.00 against the US dollar
The Indian rupee opened the trading session at 90.00 against the US dollar in the interbank foreign exchange market. Early trading saw the currency lose ground and dip to 90.07, a move of seven paise from the open.
Market snapshot
- Opening rate: 90.00 per US dollar
- Intraday low: 90.07 per US dollar
- Movement: small depreciation of about 7 paise
Why the rupee moved
The change was modest and reflects typical intraday fluctuations in the currency market. Such small moves can come from shifts in global dollar demand, short-term flows from foreign investors, or reactions to economic data and commodity prices. No single domestic event was reported as the clear driver of the move.
What traders will watch next
Participants are likely to monitor global cues, US dollar strength, crude oil trends and foreign portfolio flows for further direction. Any major economic data releases or policy signals—domestic or international—could push the rupee higher or lower from current levels.
Bottom line
The rupee’s fall to 90.07 is a small, routine weakening during trading. Investors and businesses with dollar exposure will be watching upcoming market drivers to gauge whether this is a temporary wobble or the start of a trend.