Rupee falls 5 paise to 89.95 against US dollar in early trade
Mumbai (PTI): The rupee fell 5 paise to 89.95 against the US dollar in early trade on Monday amid foreign fund outflows and a muted opening in the domestic equity markets.
Forex traders said foreign portfolio investors continue to offload Indian equities, which has been weighing on the Indian rupee in the last few months. At the interbank foreign exchange, the local unit opened at 89.95 against the dollar, down 5 paise from its previous close.
On Friday, the rupee depreciated 19 paise to close at 89.90 against the US dollar.
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"FPIs flow into Indian equities, a sustained return of foreign buying would be supportive for the rupee in the coming year, which has been the worst-performing currency in the emerging market and Asian markets," said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent lower at 98.00.
Brent crude, the global oil benchmark, was trading 0.92 per cent higher at USD 61.20 per barrel in futures trade.
Meanwhile, External Affairs Ministry spokesperson Randhir Jaiswal has said that India and the US remain engaged in concluding a fair, balanced and mutually beneficial bilateral trade agreement.
"This ongoing engagement helps anchor market confidence at a time of global uncertainty," CR Forex Advisors MD Amit Pabari said.
Pabari further said, "The RBI’s presence continues to act as a strong backstop. With spot interventions, liquidity tools and forward market management, the central bank has shown clear intent to prevent disorderly moves in the currency."
On the domestic equity market front, the 30-share benchmark index Sensex rose 22.24 points to 85,063.69 in initial trade, while the Nifty was up 18.10 points to 26,060.40.
Foreign institutional investors offloaded equities worth Rs 317.56 crore on Friday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 4.368 billion to USD 693.318 billion during the week ended December 19, the Reserve Bank said on Friday.
The overall kitty had increased by USD 1.689 billion to USD 688.949 billion in the previous week.
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LIVE | Election Results of five states 2026
New Delhi: The countdown has begun for the counting of votes for the Assembly elections in five states that have captured the attention of people across the country.
The counting of votes for the Assembly constituencies of West Bengal, Tamil Nadu, Kerala, Assam and the Union Territory of Puducherry will begin simultaneously at 8 am, and the fate of candidates in a total of 824 constituencies will be decided shortly.
The counting of postal ballots will take place first, followed by the counting of EVM votes in several rounds.
► DMK candidate in Thiruchirapalli KN Nehru behind TVK's G Ramamoorthi by 292 votes
► The BJP has taken an early lead in West Bengal, while Mamata Banerjee faces tough competition
► TVK head Vijay leads in Perambur constituency
► M. K. Stalin is leading in Tamil Nadu’s Kolathur constituency.
► AIADMK leader Edappadi K. Palaniswami is leading in Tamil Nadu’s Edappadi constituency
► In Puducherry, BJP is leading in 3 seats.
► In Assam, BJP is leading in 56 seats, while Congress is leading in 12 seats.
► Suvendhu Adhikari leads in both Bhabanipur and Nandigram
► West Bengal CM Mamata Banerjee faces setback in Bhabanipur constituency
► Bhupen Borah, who recently left Congress and joined the BJP, is leading in Assam’s Bihpuria constituency
► Assam CM Himanta Biswa Sarma is leading in Jalukabari constituency
► BJP leader Suvendu Adhikari is leading in West Bengal’s Nandigram constituencyFive-state elections: Postal vote counting begins
► TMC, BJP lead in one seat each in West Bengal
► In Tamil Nadu, DMK leads in 3 constituencies, while TVK leads in 1
► UDF leads in 5 seats in Kerala, BJP in 1, LDF in 1
► BJP leads in 2 seats, AIUDF in 1 in Assam
► AINRC leads in 1 constituency in Puducherry
► TMC leads in 5 seats in West Bengal; Mamata Banerjee’s party maintains initial lead
► Tamil Nadu Chief Minister M.K. Stalin leads in Kolathur
► BJP takes early lead in Assam
► Congress-led UDF leads in Kerala
► Tamil Nadu, TVK chief Vijay leads in the Perambur constituency, lags in Tiruchirappalli South
► BJP leads in 10 seats in Assam
► LDF candidate V.P.P. Mustafa leads in the Thrikkaripur Assembly constituency
► Out of 294 seats in West Bengal, BJP is leading in 14 seats, TMC in 12 seats, Congress in 2 seats
► Out of 234 seats in Tamil Nadu, DMK is leading in 15 seats, AIADMK is leading in 5 seats, TVK is leading in 2 seats
► Out of 126 seats in Assam, BJP is leading in 31 seats, Congress in 4 seats, AIUDF in 2 seats.
► Out of 30 seats in Puducherry, NRC+ is leading in 3 seats, Congress in 2 seats, TVK in 1 seat.
► Congress’ Adhir Ranjan Chowdhury suffers a setback in theBerhampore constituency in West Bengal.
