Rupee closes at 90.21 per dollar after bond index exclusion

Business Jan 14, 2026

The rupee ended Tuesday at 90.19 against the US dollar, slipping slightly as rising bond yields and global factors put pressure on India's currency.
This can make imports like oil pricier, which may push up everyday costs.

Why does this matter?

A weaker rupee generally means you might feel the pinch on imported goods and fuel—so inflation could creep up.
For anyone thinking about travel or shopping for tech, these shifts typically hit close to home.

What's behind the drop?

Bloomberg decided not to include Indian bonds in its global index, causing a quick spike in bond yields.
Add in new US tariffs on countries trading with Iran and some currency swaps that flooded the market with rupees, and you get today's volatility.
The Reserve Bank of India stepped in to keep things steady.