Indian Rupee Is Trading at 90.3800 against US Dollar

Financial Market Overview

Indian Rupee

On Friday, the Indian rupee is trading at 90.3800 versus the US dollar. Indian rupee plunged to a fresh all-time low of ?90.56 against the US dollar in early trade, depreciating 24 paise from the previous close of ?90.32. The sharp fall was driven by persistent foreign fund outflows, uncertainty surrounding ongoing India-US trade negotiations, aggressive dollar buying by importers amid surging global precious metal prices, and the broader impact of steep US tariffs (up to 50%) on Indian exports. Having declined nearly 6% year-to-date, the rupee remains Asia’s worst-performing currency in 2025, while the dollar index edged up marginally to 98.37 and Brent crude rose 0.67% to $61.69 per barrel; traders are closely monitoring potential RBI intervention as the currency trades in a narrow ?90–?90.60 range.

Indian Equities 

Nifty 50 is up 154.45 points at 25,912.45, and the Sensex is up 468.25 points to 84,859.52.

The Indian stock markets continued their upward momentum today, with the Nifty surging past the 26,000 level led by strong gains of over 100 points, while the Sensex climbed more than 400 points to cross 85,000. Banking stocks shone brightly as Nifty Bank advanced over 300 points beyond the 59,500 mark. Key gainers included L&T, Hindalco, Tata Steel, IndiGo, UltraTech Cement, and Adani Ports, with broader strength seen in mid- and small-cap names such as Anant Raj, Hindustan Copper, Hindustan Zinc, GMDC, Kaynes Technology, and Motilal Oswal. Meanwhile, the Indian rupee weakened sharply to a fresh all-time low of 90.56 against the US dollar despite a softening Dollar Index. Technically, 25,922 remains the immediate hurdle on the upside for Nifty, with 25,700 acting as crucial near-term support.

Major gainers on Nifty are LT, Tata Steel, Hindalco, JSW Steel, BEL, Ultra Cement Co, Indigo, Adani Ports, Axis Bank and losers are Infosys, Wipro, Max Health, Bajaj Auto, HCL Tech, Tech Mahindra.   

Global Market

Asian market traded mixed as follows:  Hong Kong’s Hang Seng is up by 426.49 points at             25,962.00, Nikkei 225 was up 740.18 points at 50,889.00 and China’s Shanghai Composite was up by 16.03 points at 3,889.35.

MIB closed up 0.5% at 43,702.01 points. Other European markets were also positive yesterday: the CAC 40 rose 0.8%, the DAX 40 rose 0.6%, and the FTSE 100 rose 0.5%.

Wall Street traded as follows: S&P 500 went up by 14.32 points at 6,901.00, Dow Jones futures went up by 128.69 points at 48,832.70, and Nasdaq Composite futures went down by 40.50 points at 25,930.50.

The price of a barrel of Brent crude was up by 0.35 points to $61.63.