India, Jan. 1 -- The rupee depreciated 10 paise to close at 89.98 (provisional) against the US dollar on Thursday, the first trading session of 2026, weighed down by sustained foreign fund outflows and weakness in domestic equity markets.
Forex traders said the USD/INR pair traded in a narrow range, as support from easing crude oil prices was offset by strength in the US dollar index and continued foreign portfolio outflows.
The domestic currency started the new year on a weak note after recording a 5 per cent decline in 2025, with elevated dollar demand amid persistent capital outflows keeping pressure on the rupee.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....