2026-01-01 12:47:06 pm | Source: Accord Fintech
Rupee weakens against US dollar on first day of 2026
The Indian rupee weakened against the US dollar on the first day of the new calendar year 2026, weighed down by persistent foreign fund outflows from the capital market, while trade-related uncertainty continued to cloud rupee sentiments. Foreign institutional investors were net sellers of shares worth Rs 3,597.38 crore on Wednesday, exchange data showed. Rupee declined further by firm American currency overseas after weekly US unemployment claims unexpectedly fell to a 1-month low, a hawkish factor for Fed policy.
The partially convertible currency is currently trading at 89.94, weaker by 6 paise from its previous close of 89.88 on Wednesday. The currency touched a high and low of 89.99 and 89.93 respectively.
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