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Rupee slips marginally against the US dollar
The Indian rupee showed a little weakness in the interbank foreign exchange market, finishing the day at 89.96 against the US dollar (provisional). That was a decline of 9 paise from the previous close.
Intraday movement
- Opening rate: 90.00
- Intra-day low: 90.10
- Closing (provisional): 89.96, down 9 paise
What the small move means
The rupee’s move was modest and reflects typical intraday volatility rather than a major trend shift. A swing between 90.10 and 89.96 is limited in the context of daily forex trading, but it can still influence importers, exporters and short-term traders who watch paise-level changes closely.
Near-term watchpoints
- Traders will likely keep an eye on global dollar strength and domestic liquidity flows.
- Any fresh macro data or central bank guidance could push the currency beyond today’s narrow range.
Overall, the rupee ended slightly weaker on the day but remained within a small band, suggesting cautious sentiment rather than a decisive directional move.