Rupee rises 6 paise to 89.92 against US dollar in early trade
Mumbai (PTI): The rupee witnessed range-bound trade in the morning session on Friday, appreciating by 6 paise to 89.92 against the US dollar as thin liquidity conditions accentuated everyday demand-supply imbalances, keeping the rupee tilted toward weakness.
Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India.
Moreover, the support from positive domestic equities was offset by sustained foreign fund outflows.
At the interbank foreign exchange market, the rupee opened at 89.95 against the US dollar, then gained some ground and touched 89.92, rising by six paise from its previous close.
On Thursday, the rupee depreciated 10 paise to close at 89.98 against the US dollar.
"Unless RBI comes and sells dollars heavily, the movement is going to be in small ranges as seen in the last three sessions. The pair is seen in a holding pattern between 89.80 and 90, considering the narrow range," said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP.
Bhansali further noted that corporate demand, FPI demand, and government demand have been the salient features of the rupee over the past year, during which it fell by more than 5 per cent and became the worst-performing Asian currency, though partly protected by the RBI.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally down by 0.15 per cent at 98.17.
Brent crude, the global oil benchmark, was trading 0.38 per cent higher at USD 61.08 per barrel in futures trade.
"With early-year liquidity still thin and domestic fundamentals offering a mixed but stable backdrop, the rupee appears set to remain range-bound in the near term. As long as USD/INR stays below the 90 handle, the balance of risks tilts mildly in favour of the rupee," CR Forex Advisors MD Amit Pabari said, adding that against this backdrop, USD/INR is expected to trade in a 89.30–90.20 range.
On the domestic equity market front, the 30-share benchmark index Sensex climbed 158.19 points to 85,346.79 in early trade, while the Nifty was up 55.8 points to 26,202.35.
Foreign institutional investors offloaded equities worth Rs 3,268.60 crore on Thursday, according to exchange data.
On the domestic macroeconomic front, gross GST collections rose 6.1 per cent to over Rs 1.74 lakh crore in December 2025, on slow growth in revenues from domestic sales following the sweeping tax cuts, according to government data released on Thursday.
Gross Goods and Services Tax (GST) revenue in December 2024 was over Rs 1.64 lakh crore.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Ikkis box office Day 1: Agastya Nanda’s war drama earns ₹7 crore, beats trade projections
Mumbai: Ikkis, the latest war drama directed by Sriram Raghavan, has delivered a stronger-than-expected opening at the box office, earning an estimated ₹7 crore net in India on its first day, Hindustan Times reported on Friday.
The film, starring Agastya Nanda, opened in theatres on January 1 across nearly 4,000 screens nationwide. Trade analysts had earlier projected a modest opening of ₹2–2.5 crore, especially given stiff competition from Dhurandhar, which continues to perform strongly at the box office.
Despite these expectations, Ikkis exceeded projections by nearly three times, helped largely by positive word of mouth. As per the report, the film had around 12% occupancy in the morning shows across the country, which jumped to 35% by afternoon, and 47% in the evening, indicating growing audience interest as the day progressed.
While Dhurandhar dominated the day with a reported ₹15 crore collection, trade observers note that Ikkis holding its ground amid such competition is a promising sign, particularly for its performance over the extended opening weekend.
Ikkis is based on the life of Arun Khetarpal, the youngest recipient of India’s highest gallantry award, the Param Vir Chakra. The film chronicles Khetarpal’s exploits and bravery during the 1971 India-Pakistan War. Agastya plays Khetarpal in the film.
While screen legend Dharmendra appears as his father in his final performance, Dharmendra died a little over a month before the film’s release. Ikkis is also among the final films of the late Asrani, who also died late last year. The film also stars Jaideep Ahlawat and Deepak Dobriyal.
