Indian rupee depreciated against the US dollar on Monday even after positive domestic market. Traders overlooked the report that Chief Economic Advisor V Anantha Nageswaran exuded confidence that economic growth would be upwards of 6.8% in FY26 driven by consumption boost provided by GST rate cut and income tax relief. Besides, commerce ministry said that the proposed free trade agreement between India and New Zealand is expected to enhance trade flows, deepen investment linkages and strengthen supply-chain resilience. On the global front, ringgit extended its uptrend to close higher against the US dollar, lifted by improved risk appetite and growing optimism over a possible resolution to the United States’ (US) government shutdown.
Finally, the rupee ended at 88.73 (Provisional), depreciated by 8 paise from its previous close of 88.65 on Friday. The currency touched a high and low of 88.73 and 88.64 respectively.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: