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Corporate Dollar Buying Pressures Rupee at Start of New Year
The rupee began 2026 weaker as strong corporate dollar demand and import payments offset stable market sentiment. Limited exporter selling and firm global dollar trends added pressure, keeping the currency subdued in early trading sessions.
The Indian rupee opened 2026 on a weaker note as corporate demand for dollars remained elevated. Import-related payments and year-beginning fund requirements weighed on the currency, even as broader market sentiment stayed cautious. Traders said muted exporter selling and firm global dollar cues limited any immediate recovery, keeping the rupee under near-term pressure in early trade.