Rupee drops to 90.07 as dollar demand heats up

Business Dec 10, 2025

The rupee slipped by 20 paise to 90.07 against the US dollar on Wednesday, mainly because importers needed more dollars, tariff concerns, and there's buzz around possible US Fed policy changes.
It opened at 90.00 but quickly lost ground from last session's close of 89.87.

What's driving the markets?

Analysts expect the rupee to hover between 89.70 and 90.20, with the dollar index ticking up to 99.23.
Meanwhile, India and the US just kicked off trade talks in Mumbai that might help strengthen the rupee down the line.
On the stock front, Sensex and Nifty saw modest gains, but foreign investors have been selling off shares—₹3,760 crore worth on December 9 alone.