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Indian rupee strengthens against dollar on Tuesday
Jan-27-2026

Indian rupee strengthened against the U.S. dollar on Tuesday led by weaker dollar and landmark trade deal between India and European Union (EU). India-EU free trade agreement has boosted domestic market sentiments as the deal will facilitate access to the European market for Indian farmers and small industries, and create new opportunities in manufacturing and services sectors. However, ongoing geopolitical tension and fund outflows from foreign institutional investors (FIIs) continued to weigh on rupee. The FIIs were the net sellers of securities worth Rs 4,113.38 crore on Friday. On the global front, Malaysian Ringgit strengthened against U.S. dollar on Tuesday ahead of Federal Reserves’ FOMC meeting schedule on January 27 to 28, 2025. 

Finally, the rupee ended at 91.66 (Provisional), strengthened by 24 paise from its previous close of 91.90 on Friday. The currency touched a high and low of 91.90 and 91.63 respectively.

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