The Indian rupee extended its losing streak on Friday, ending at 90.87 against the US dollar, compared with 90.30 per dollar in the previous session, marking its biggest one-day decline in nearly two months.
The local currency came under pressure amid relentless foreign fund outflows and a firm US dollar, which continued to weigh on emerging market currencies.
Earlier in the week, the rupee had closed at 90.34 per dollar on Wednesday, registering an 11-paise decline, following a 6-paise fall in the prior session.
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Foreign exchange markets were shut on Thursday on account of polling for the Mumbai municipal corporation elections.
Market participants remain watchful of global dollar strength and foreign portfolio flows, which continue to drive near-term currency movements.
According to, Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, rupee weakened sharply by over 48 paise as capital market weakness and continued uncertainty over the India–US trade deal kept pressure on the currency.
“With risk sentiment fragile, the rupee is expected to trade in a broad 89.75–91.45 range, while markets remain focused on the Fed’s policy outlook toward the end of January,” he said.
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First Published: Jan 16, 2026 4:02 PM IST
