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Rupee weakens against US dollar in early trade on Monday
Dec-29-2025
The Indian rupee weakened against the US dollar in early trade on Monday tracking foreign fund outflows, firm crude oil prices and sluggish equities markets. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 317.56 crore on Friday, but Domestic Institutional Investors (DIIs) bought stocks worth Rs 1,772.56 crore, exchange data showed. Traders are awaiting the release of Indian industrial and manufacturing production data due later today, and also awaiting FOMC minutes due Tuesday for further guidance on monetary policy. However, some falls were limited with RBI data showed India's forex reserves jumped by $4.368 billion to $693.318 billion during the week ended December 19. The overall kitty had increased by $1.689 billion to $688.949 billion in the previous week.

The partially convertible currency is currently trading at 89.96, weaker by 6 paise from its previous close of 89.90 on Friday. The currency touched a high and low of 89.97 and 89.8875 respectively.

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