On Monday, the Indian rupee followed a similar pattern moving down by the fourth trading session and finishing the trading day at 90.28 against the US dollar with a markdown of 8 paise (provisional). The domestic currency was still squeezed as a good American dollar and poor mood in the home equity markets, traders said.
Rupee at the interbank foreign exchange market had opened at 90.21 against the greenback and traded within a tight but volatile margin throughout the day. It hit an intraday low of 90.50 and then recovered some to close at 90.28, which was a fall of 8 paise compared to the last close. This has seen the rupee depreciate by 53 paise in the last four sessions as it has reached a close of 89.75 per dollar, as at December 30, 2025.
This weakened the rupee as the dollar index that determines the power of the US currency against a six-currency basket of major global currencies increased by 0.24 per cent to trade at 98.39. A stronger dollar will normally put pressure on the emerging market currency such as the rupee.
Brent crude oil, the international standard price, was down 0.36 per cent in futures trade at $60. 53 per barrel in the commodities market. Though the effect of lower crude prices typically favors the rupee by reducing the importation expenses, the aspect did not work against the effect of international currency and the risk-averse psychology.
There were also losses in domestic equity markets that contributed to straining the local currency. The Sensex of 30 shares on the BSE dropped by 322.39 points or 0.38 per cent to stand at 85,439.62, with the wider NSE Nifty dropping by 78.25 points or 0.30 per cent to close at 26,250.30.
The foreign institutional investors (FIIs), however, became net buyers, buying equities of 289.80 crore on Friday, according to exchange data, with a weak market.
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