Rupee falls 20 paise to 90.07 against U.S. dollar in early trade

The rupee depreciated 20 paise to 90.07 against the U.S. dollar in early trade on Wednesday (December 10, 2025), facing pressure from importer dollar demand, tariff concerns and market anticipation of U.S. Fed Reserve policy decision.

Forex traders said all eyes will be on the U.S.-India trade talks which could give some positivity to the rupee in the coming days.

India and the United States will commence three-day talks on the first phase of their proposed bilateral trade agreement in Mumbai from December 10.

At the interbank foreign exchange, the rupee opened at 90.00 against the U.S. dollar, then lost ground and fell to 90.07 against the dollar.

On Tuesday (December 9), the rupee settled at 89.87 against the U.S. dollar. “The rupee is expected to remain in the trading range of 89.70-90.20 for the day as the dollar index rose to 99.20 level,” said Anil Kumar Bhansal, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

“Market is focused on the stance the U.S. Federal Reserve chairman Jerome Powell will deliver in the U.S. Fed meeting this week,” traders said.

Meanwhile, the dollar index, which gauges the dollar’s strength against a basket of six currencies, was trading 0.01% higher at 99.23 amid anticipation of a hawkish rate cut from the Fed.

Brent crude, the global oil benchmark, was trading higher by 0.19% at $62.06 per barrel in futures trade. On the domestic equity market front, the 30-share benchmark index Sensex was trading 134.71 points higher at 84,800.99, while the Nifty was up 41.50 points at 25,881.15.

Foreign Institutional Investors (FIIs) sold equities worth ₹3,760.08 crore on Tuesday, according to exchange data.