Rupee Strengthens To ₹89.17 Against US Dollar
The Indian rupee appreciated by 49 paise to reach ₹89.17 against the US dollar in early Monday trade. The currency recovered after touching a record low of ₹89.66 in the previous session. The revival was supported by dollar selling by banks and improved sentiment in domestic equities.
Factors Supporting The Recovery
Traders said a dip in global crude oil prices reduced pressure on India’s import bill, offering relief to the rupee. There were also indications of mild intervention by the Reserve Bank of India to stabilise volatility. Market participants noted that easing global risk factors helped the currency gain ground after a sharp decline.
Overall Market Outlook
Despite Monday’s recovery, analysts caution that the rupee remains vulnerable due to a wider trade deficit and uncertain foreign investment flows. They expect currency movement to stay sensitive to global oil trends, U.S. economic data and possible future RBI interventions. The short-term trajectory will depend on how global markets react to upcoming macroeconomic indicators.
