Overview
- The rupee finished Jan. 2 at 90.20 per dollar after trading between 89.92 and 90.25, reversing early-session gains near 89.92.
- Foreign investors sold Rs 3,268.60 crore of equities on Jan. 1 after Rs 3,597.38 crore the previous session, extending a run of portfolio outflows.
- India’s foreign-exchange reserves hovered near $688.94 billion in mid-December, offering a buffer after the rupee’s roughly 5% slide in 2025.
- Dealers reported RBI dollar sales via state-run banks that helped slow the decline and keep trading orderly.
- Market participants see USD/INR holding near term in a 89.30–90.20 range, with sentiment sensitive to any movement on the paused India–US trade talks.