Rupee closed lower at 91.0750 per Dollar on Tuesday (16 December 2025), versus its previous close of 90.8475 per Dollar.Powered by Capital Market - Live News

The Indian rupee tumbled sharply to crash beyond Rs 91 per dollar mark on Tuesday tracking muted local equities and risk averse sentiments. Lingering uncertainty around tariffs coupled with persistent foreign portfolio outflows weighed on the local unit. INR opened at Rs 90.87 and hit a low of 91.14 before paring some losses to end at 90.93 as compared to previous close at 90.78. The Indian rupee extended its losing streak for the fourth trading day, hitting 91-per-dollar for the first time as the government tabled a bill in Lok Sabha to raise FDI in the insurance sector to 100 percent. The benchmark BSE Sensex dropped 533.50 points, or 0.63 percent, to 84,679.86, extending the previous session`s decline amid weakness in metal and financial shares. The broader NSE Nifty index fell 167.20 points, or 0.64 percent, to 25,860.10. Powered by Capital Market - Live News

The dollar index is lingering around a two-month low on Tuesday, well below 98 mark awaiting further clarity on Federal rate stance. The upcoming delayed US jobs report is keenly awaited for the day. Meanwhile, New York Fed President John Williams said on Monday that monetary policy is well-positioned for next year following last week�s rate reduction, amid elevated risks to employment and somewhat-reduced inflation risk. Fed Governor Stephen Miran reiterated his view that current policy remains overly restrictive. The dollar index that measures the greenback against a basket of currencies is quoting at 97. 95, down marginally on the day. The DXY had begun losing momentum following Fed rate cut earlier in the month. Powered by Capital Market - Live News

Euro is holding around 1.1800 mark against the US dollar, sustaining recent gains amid supportive economic cues. Euro area industrial production increased at the fastest pace in five months in October led by robust output growth in the energy sector and non-durable goods manufacturing, preliminary data from the statistical office Eurostat showed on Monday. The industrial production index for Eurozone gained a calendar adjusted 2% year-on-year following a 1.2% increase in September. EUR/USD pair is currently quoting at 1.1800, almost unaltered on the day and trading near two and half month highs. On NSE, EUR/INR futures are currently quoting at 107.14, up 0.37% on the day after an impressive start. Powered by Capital Market - Live News

The Japanese yen strengthened past 155 per $ on Tuesday as investors positioned ahead of the Bank of Japan�s policy meeting, where markets widely expect a 25 basis point rate hike to 0.75%. The move would reinforce Japan�s gradual shift toward tighter monetary settings. Elsewhere, global markets are bracing for a busy week of central bank decisions. The Bank of England and the European Central Bank are also due to announce policy outcomes, with investors watching for guidance on the timing and pace of future rate moves. The yen�s gains were supported by firm domestic data, with inflation remaining above historical levels and business confidence improving. Alongside the BOJ, these decisions are expected to shape currency and bond market sentiment, as policymakers balance easing inflation trends against still-fragile growth outlooks.Powered by Capital Market - Live News