Indian Rupee Slips at 2026 Open; Traders Hope Stocks Aid Recovery as Silver Surges 150%
The post Indian Rupee Slips at 2026 Open; Traders Hope Stocks Aid Recovery as Silver Surges 150% appeared on BitcoinEthereumNews.com.
India’s rupee opened 2026 at 89.9525 per USD, slipping from Wednesday’s close of 89.87, per Google Finance data. This follows a 4.72% annual decline in 2025—the weakest since 2022’s near-10% drop—driven by corporate dollar demand in thin holiday trading. Rupee opens 2026 at 89.9525 vs USD, down slightly from 89.87 close 4.72% yearly loss in 2025 amid corporate dollar buying Gold up 64% and silver surges 150% in 2025, best since 1979 Indian rupee USD rate opens 2026 weaker at 89.9525 after 4.72% 2025 drop. Corporate demand pressures currency amid holidays. Gold, silver shine—track forex shifts for investors today! What is the Indian rupee’s opening USD rate for 2026? The Indian rupee USD rate opened on Thursday, the first trading day of 2026, at 89.9525 per U.S. dollar, according to Google Finance data. This marked a slight depreciation from Wednesday’s close of 89.87. The currency concluded 2025 with a 4.72% annual fall, its weakest performance since 2022 when it depreciated nearly 10%. Why is the rupee facing early 2026 pressure? Corporate dollar buying dominated flows in a thin market over the New Year holidays, as reported by Reuters. Trading desks noted subdued activity due to breaks in major global markets. Traders emphasized that a rebound in Indian stock market inflows could alleviate the demand pressure that weighed on the rupee throughout much of 2025. Holiday-thinned liquidity amplified these routine corporate purchases, leading to the modest opening slip. Historically, such year-end dynamics have pressured emerging market currencies like the rupee, especially when U.S. dollar strength persists amid global uncertainties. Asia-Pacific equities closed 2025 weakly in shortened sessions. Australia’s S&P/ASX 200 edged down 0.03% to 8,714.3. Hong Kong’s Hang Seng fell 0.87% to 25,630.54, China’s CSI 300 dropped 0.44%, Japan’s Nikkei 225 lost 0.37%, and South Korea’s KOSPI declined 0.15%. India’s NIFTY…
Filed under: News - @ January 1, 2026 7:13 pm