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Rupee strengthens against US dollar in early trade on Thursday
Jan-29-2026
The Indian rupee strengthened marginally against the American currency in early trade on Thursday, even as rising geopolitical uncertainty has increased risk aversion and kept emerging market currencies under pressure. Rupee sentiments improved as Foreign Institutional Investors (FIIs) turned net buyers in the Indian equity market, purchasing equities worth around Rs 480 crore on Wednesday. Some support also came with data which that showed India's industrial production grew at an over two-year high pace of 7.8% in December 2025 on the back of robust output in manufacturing, mining and power sectors. The factory output, measured in terms of the Index of Industrial Production (IIP), expanded by 3.7% in December 2024. Although, the rupee hit an all-time low of 92.00 against the US dollar following the Fed's announcement that it kept rates unchanged at the 3.5-3.75 percent range, as widely expected.

The partially convertible currency is currently trading at 91.97, stronger by 2 paise from its previous close of 91.99 on Wednesday. The currency touched a high and low of 92.00 and 91.9150 respectively.

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