Rupee ends 8ps lower at 90.28/$

Mumbai: The Indian stayed weak for the fourth straight session and closed 8paise lower at 90.28 (provisional) against the US dollar on Monday, weighed down by a firm American currency and subdued equity market sentiment. Forex traders said that the renewed geopolitical uncertainties after the US military intervention in Venezuela fuelled dollar demand worldwide even though the falling crude oil prices supported the Indian currency at lower level.

At the interbank foreign exchange market, the rupee opened at 90.21 and touched the intra-day low of 90.50 during the session before ending at 90.28 (provisional) against the greenback, 8paise weaker compared to the previous closing level.

This was the fourth consecutive day of fall for the Indian currency, which has lost 53paise since December 30, 2025 when it closed at 89.75 a dollar. The rupee settled lower by 22paise at 90.20 against the US dollar on Friday, a day after losing 10paise on Thursday.

It had lost 13 paise on the last day of the previous calender year. Anuj Choudhary, Research Analyst, Commodities Research, Mirae Asset Sharekhan, said the rupee fell on Monday amid geopolitical tensions between the US and Venezuela.

The US dollar index strengthened amid safe-haven demand, however, weakness in crude oil prices and FII inflows on Friday provided a cushion to the rupee. Choudhary said that the declining crude oil prices may support the rupee at lower levels.

“Any intervention by the RBI may also support the rupee. Traders may take cues from ISM manufacturing PMI data from the US. USD-INR spot price is expected to trade in a range of 90 to 90.60.”