India, Jan. 1 -- The rupee began 2026 on a weak footing, slipping 11 paise to 89.99 against the US dollar in early trade on Thursday, pressured by continued foreign fund outflows.
Forex traders noted that while global uncertainties persist, the domestic currency enters the new year with both headwinds and support, backed by India's strong macroeconomic fundamentals and comfortable foreign exchange reserves.
In the interbank forex market, the rupee opened at 89.94 per dollar before weakening further to 89.99, marking an 11-paise decline from its previous close.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....