Rupee Plunges 50 Paise, Records Biggest Single-Day Fall in 2 Months

Commodity
M
Moneycontrol•16-01-2026, 17:36
Rupee Plunges 50 Paise, Records Biggest Single-Day Fall in 2 Months
- •The Indian Rupee dropped 50 paise against the US dollar, closing at 90.84, marking its largest single-day decline in approximately two months.
- •Rising crude oil prices, continuous outflow of foreign funds, and a strong US dollar contributed to the Rupee's third consecutive session of decline.
- •India's trade deficit slightly increased to USD 25.04 billion in December 2025, up from USD 24.53 billion in November, adding pressure on the currency.
- •The Rupee opened at 90.37 and touched an intraday low of 90.89, nearing its all-time lowest closing level of 90.93 recorded on December 16.
- •Analysts predict the Rupee will trade with a negative bias, potentially ranging from 90.50 to 91.25, due to geopolitical tensions and FII outflows.
Why It Matters: The Rupee experienced its sharpest single-day fall in two months, driven by global and domestic economic factors.
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