Indian Rupee Ended the Day at 90.5900 against the US Dollar

Financial Market Overview

Indian Rupee

The Indian rupee closed down at 90.5900 on Thursday in contrast to its previous closing at 90.7100 on Wednesday evening. The Indian rupee closed slightly higher at 90.59 per dollar on Thursday, marking a modest 0.1% gain from the previous session. Early advances, driven by suspected pre-emptive dollar sales by the Reserve Bank of India (RBI) through a major state-run lender, pushed the currency as high as 90.14 shortly after intervention, but these gains were later offset by strong corporate demand for dollars. Traders noted that the RBI's actions effectively curbed speculative short positions on the rupee, reducing expectations of it breaching 91 in the short term and limiting the impact of a 0.6% drop in India's Nifty 50 index. Meanwhile, the dollar remained broadly weak globally, with gains in currencies like the Korean won, euro, and pound, though recent strong U.S. jobs data tempered downside risks for the greenback without altering longer-term weakening forecasts for 2026.

Indian Equities

At close, the Sensex was down 558.72 points or 0.66 percent at 83,674.92, and the Nifty was down 146.65 points or 0.57 percent at 25,807.20.

About 1610 shares advanced, 2431 shares declined, and 141 shares unchanged.

Bajaj Finance, Shriram Finance, Eicher Motors, ICICI Bank, Trent were among major gainers on the Nifty, while losers were Infosys, TCS, Tech Mahindra, HCL Technologies and Wipro.

Global Market

Asian market traded mixed as follows: Hong Kong’s Hang Seng was down by 243.24 points at 27,023.14, the Nikkei 225 was down by 10.70 points at 57,639.84 and China’s Shanghai Composite was up by 2.03 points at 4,134.02.

European markets traded mix as follows: the French CAC 40 increased by 88.56 points at 8,401.80. The DAX increased by 297.45 points at 25,153.60 and FTSE was down by 19.96 points to 10,452.15.

Over on Wall Street, the S&P 500 index futures increased by 7.25 points, reaching 6,967.75. Simultaneously, the Nasdaq 100 index futures decreased by 46.50 points, totaling 25,242.00 while the Dow Jones Industrial Average futures increased by 157.00 points, reaching 50,362.00.

The price of a barrel of Brent crude decreased by 0.68 points to $68.72.