Index
Show
Rupee slips to 90.09 against the US dollar
At the close of trade on Monday, the Indian rupee settled at 90.09 against the US dollar, provisionally down 14 paise from the previous session. The move left the currency trading at a fresh weaker level for the day as global and domestic forces influenced demand for the greenback.
What likely pushed the rupee lower
- Firm dollar: A stronger US dollar often puts pressure on emerging-market currencies, including the rupee, as investors seek dollar-denominated assets.
- Global cues: Movements in US Treasury yields and risk sentiment can drive capital flows and currency swings, affecting intraday momentum.
- Commodity imports: India’s import bill, particularly for crude oil, can weigh on the currency when international prices rise, increasing demand for dollars.
- Domestic market action: Equity market volatility and short-term foreign fund flows also play a role in near-term currency moves.
What traders and businesses should watch
- Monetary policy signals from major central banks, especially the US Federal Reserve.
- Crude oil price trends and any unexpected geopolitical developments that could affect imports.
- Weekly foreign portfolio flow data and domestic macro releases that influence investor sentiment.
- Comments or intervention cues from the central bank, which can alter intraday dynamics.
Quick takeaway
The rupee’s provisional close at 90.09 reflects short-term pressure amid a stronger dollar and mixed market signals. For businesses and investors, monitoring global interest-rate expectations, oil prices, and capital flows will be key to anticipating near-term moves in the currency.