Rupee Strengthens 12 Paise to 90.66 Against Dollar

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Last Updated: 19th January 2026 - 02:55 pm

Summary:

Rupee rises 12 paise to 90.66 vs USD in early January 19 trade amid weaker dollar, offset by foreign outflows and rising crude prices.

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On January 19, the Indian rupee (INR) strengthened 12 paise (0.2 cents) against the U.S. dollar (USD), where ₹1 is now worth $90.66. This was primarily due to the weakening of the USD as it decreased in value against other major world currencies. 

Rupee opened at 90.68 but continued to gain strength during the course of the day and closed the previous evening at approximately 90.78 USD. Foreign investors have been withdrawing capital from the stock market as a result of rising crude oil prices associated with geopolitical tensions. The rupee's rise was further exacerbated by a slight fall in the dollar index to 98.99.

Rupee's Recent Volatility

On January 16,  the Indian rupee slid by 44 paise to 90.78 (0.13%). The rupee experienced a loss of 17 paise over the previous two trading sessions. The recent decrease in the value of the rupee was preceded by Donald Trump announcing that he would impose tariffs against Europe due to a proposed Google-Greenland deal.

As of January 19, Brent crude oil was trading up 0.17% at $64.24 per barrel in futures markets.

Equity Market Pressures

The S&P 500 fell 482.8 points to 83,087.55, while Nifty fell 129.30 points to 25,565.05. On Friday, according to information provided by the exchange, foreign investors sold stocks worth ₹4,346.13 Crores.

Consistently high outflows negatively impact trading ability in this volatile atmosphere with global uncertainties.

Broader Forex Dynamics

The increasing amount of crude oil imported by other countries is straining India's import bill. Traders must remain alert due to the continued unrest in various geopolitically sensitive areas.

On the foreign exchange market, the rupee will likely continue to gain strength from the selling of dollars because of continued weakness on the stock market and rising energy prices.

The interbank trading in the morning session shows a cautious pessimism.

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