Rupee falls 2 paise to 89.24 against U.S. dollar in early trade

The Hindu
The Hindu
2M ago
The rupee's slight decline against the dollar highlights the impact of global trade dynamics and domestic market conditions. Ongoing monitoring of these factors is essential for future currency stability.
Rupee falls 2 paise to 89.24 against U.S. dollar in early trade

Key insights

  • 1

    Rupee's Performance: The rupee's decline reflects importers' demand for dollars.

  • 2

    Market Influences: Foreign capital inflows and oil prices supported the rupee.

  • 3

    Equity Market Trends: Domestic stock markets showed positive movement despite currency fluctuations.

A What happened
On November 27, 2025, the Indian rupee traded at 89.24 against the U.S. dollar, down 2 paise from the previous day. This decline was attributed to heightened demand for dollars from importers, reflecting the ongoing volatility in global trade. The rupee opened at 89.19 but fell further during early trading. Despite this drop, the rupee found some support from fresh foreign capital inflows into the domestic stock market and a decrease in crude oil prices, which fell to $62.86 per barrel. The dollar index, which measures the dollar's strength against other currencies, was down 0.09%. Meanwhile, the domestic equity market saw gains, with the Sensex and Nifty both rising in early trade.

Topics

Business & Markets Markets Economy

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