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Currency News

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(22 Dec 2025, 10:32)

INR consolidates around one-week high as local equities extend winning spree

Indian Rupee continued to stay broadly supported, adding to recent wave of appreciation amid a strong undertone in local stock markets. INR is up marginally at 89.65 per US dollar, hitting one week high as the NIFTY50 index rose above 26100 mark. INR continued to stay supported last week after testing all time low above 91 per US dollar mark. The US dollar index is off from two-month low but is lax at 98.25 mark right now. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. This capped upside in the dollar amid a general sense of firm risk appetite. On NSE, the USD/INR futures quote at 89.68 per US dollar, down 0.04% on the day.
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