Rupee dips to 89.70 against US dollar

Business Dec 22, 2025

The Indian rupee slipped slightly on Monday, ending at 89.70 per US dollar—a drop of three paise for the day.
The fall comes as a recovery in crude oil prices and lack of progress in US-India trade negotiations put extra pressure on the currency.

What's driving these changes?

Forex experts say the rupee is being pulled in different directions: a weaker US dollar and strong Indian stock markets could help it bounce back, but stalled trade negotiations are holding it down.
Anuj Choudhary from Mirae Asset ShareKhan expects the rupee to hover between 89.20 and 89.80 for now.
Meanwhile, global oil prices are up, but back home, both Sensex and Nifty had a solid day—showing that Indian equities are staying strong even as the rupee faces headwinds.