The currency opened at levels of 94.15 against the US Dollar, compared to Wednesday’s closing of 93.97. The currency has now extended those losses to trade at 94.26 against the greenback.
Trading in the currency market has resumed on Friday, after Thursday’s trading holiday.
The rupee had ended weaker by 10 paise against the US Dollar on Wednesday at levels of 93.97.
Earlier in the day, Goldman Sachs downgraded its rating on the Indian market to “marketweight” from its earlier rating of “overweight” and also cut its price target on the Nifty 50 index.
The brokerage said that due to the fallout of the Iran war and the subsequent rise in oil prices, it has raised its inflation estimates by 70 basis points, cut India’s GDP growth, and is also factoring in two rate hikes from the RBI in 2026 worth 25 basis points each.
Along with the weakness in the currency, the Government 10-year bond yield has also weakened to 6.94% from Wednesday’s close of 6.86%, inching closer to the mark of 7%.
First Published: Mar 27, 2026 9:05 AM IST
