Overview
- The currency reversed an early advance to 90.12 and finished at 90.34 per dollar, down 11 paise from the previous close.
- Intraday moves spanned 89.94 to 90.38 after a morning lift from softer crude and a slightly weaker dollar faded.
- Exchange data showed foreign investors sold Rs 4,781.24 crore on Jan 14 after Rs 1,499.81 crore on Jan 13, pressuring the rupee and domestic equities.
- Analysts pointed to dollar strength, elevated oil and risk aversion as headwinds, with possible RBI intervention viewed as a support at lower levels.
- The dollar index hovered near 99 and Brent crude near $65, with traders awaiting US inflation data for direction on Fed policy.