Overview
- The currency opened at 90.21 and traded at 90.24 to the U.S. dollar after closing at 90.20 on Friday.
- Market participants linked the latest weakness to heightened geopolitical uncertainty following the U.S. intervention in Venezuela.
- Softer crude prices and a rally in domestic equities helped limit intraday losses, according to traders.
- RBI data showed foreign-exchange reserves rose by $3.293 billion to $696.61 billion in the week to December 26.
- SBI Funds Management said the rupee fell nearly 5% in 2025 on weak FPI flows and projects roughly a 2% decline toward 92 over the next financial year, with foreign investors pulling about $18 billion from equities.