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Rupee weakens against dollar on Wednesday

28 Jan 2026 Evaluate

Indian rupee weakened against the U.S. dollar on Wednesday despite of softer dollar. Further, persistent selling by foreign institutional investors (FIIs) has dampened the investors’ sentiments. The FIIs were the net sellers of securities worth Rs 3,068.49 crore on Tuesday. Meanwhile, euphoria around the trade deal between India and European Union seems to be faded as traders shifted their focus on India’s upcoming Budget for financial year 2026-27 schedule to be announced on February 1,2026. On the global front, the Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as Australia's upbeat inflation fueled bets of an increase in Reserve Bank interest rates next week.

Finally, the rupee ended at 91.92 (Provisional), weakened by 24 paise from its previous close of 91.68 on Tuesday. The currency touched a high and low of 91.92 and 91.50 respectively.

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