Overview
- The rupee settled provisionally at 90.29 per US dollar on January 14, down 6 paise from Tuesday’s 90.23 close.
- The currency opened at 90.26, climbed to an intraday high of 89.94, then slipped to a low of 90.30 before ending weaker.
- Analysts pointed to a late rebound in the dollar, foreign fund outflows and firm crude as headwinds after early gains likely aided by central bank buying.
- The dollar index was near 99.11 by late trade and Brent futures eased to about $64.81 a barrel.
- Stocks reversed early resilience, with the Sensex down 244.98 to 83,382.71 and the Nifty lower by 66.70 to 25,665.60, as FIIs stayed net sellers of Rs 1,499.81 crore and traders watched a US court ruling on trade tariffs for cues.