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Rupee appreciates against dollar on Wednesday
Jan-07-2026

Indian rupee appreciated against the U.S. dollar on Wednesday aided by a weaker greenback. Traders took support as India Ratings & Research (Ind-Ra) in its latest report has said that India’s Gross Domestic Product (GDP) is likely to grow by 6.9 per cent in the next financial year (FY27). Investors took note of the report that the External Affairs Minister S Jaishankar said that India views Luxembourg as a 'very important' partner, and the two countries can enhance bilateral cooperation in various fields, including fintech, space, and AI. On the global front, Canadian dollar weakened against other major currencies in the Asian session on Wednesday, as the crude oil prices traded lower after the United States and Venezuela reached an agreement allowing the export of up to $2 billion worth of Venezuelan crude oil to U.S. ports.

Finally, the rupee ended at 89.91 (Provisional), appreciated by 27 paise from its previous close of 90.18 on Tuesday. The currency touched a high and low of 90.23 and 89.75 respectively.

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