The Indian rupee experienced fluctuations, recovering to close slightly higher on Monday, January 12, 2026, at 90.16 against the U.S. dollar, driven by a weaker dollar and falling crude oil prices. Hopes for a U.S.-India trade deal, fueled by statements from the new U.S. envoy, also supported the currency. However, geopolitical tensions and global uncertainties pressured the rupee. On Tuesday, January 13, the rupee weakened to 90.22 amid a strengthening dollar, rising oil prices, and foreign fund outflows.