The rupee tumbled for the third straight session and lost 50 paise to settle near its lowest level at 90.84 (provisional) against the US dollar on Friday, amid rising crude oil prices and sustained outflow of foreign funds. At the interbank foreign exchange, the rupee opened at 90.37 and touched an intraday low of 90.89, a tad above its lowest-ever closing level. It ended the session at 90.84 (provisional) against the greenback, down 50 paise from Wednesday's close. The rupee declined by 11 paise to close at 90.34 against the US dollar on Wednesday, after falling 6 paise on Tuesday. "We expect the rupee to trade with a negative bias on uncertainty over trade deal talks and geopolitical tensions.

Source: The Telegraph January 16, 2026 11:00 UTC