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Rupee depreciates against dollar on Friday

02 Jan 2026 Evaluate

Indian rupee depreciated against the US dollar on Friday amid disappointing macroeconomic data and strengthening of the American currency in overseas markets. Sentiments were downbeat as India's manufacturing industry witnessed a slowdown in the growth during the month of December, on the back of competitive pressures and subdued sales of specific items. According to the survey report, the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) eased to 55.0 in December 2025 from 56.6 in November 2025, signalling the weakest improvement in the health of the sector in two years. On the global front, commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Friday, as Asian stocks surged in thin holiday trade after ending 2025 on a subdued note. Regional trading volumes remained thin due to holidays in Japan, China and New Zealand.

Finally, the rupee ended at 90.20 (Provisional), depreciated by 22 paise from its previous close of 89.98 on Thursday. The currency touched a high and low of 90.25 and 89.92 respectively.

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