RBI action was likely seen to prevent the rupee from falling beyond Rs 91 per dollar
Traders expect the rupee to continue to move in a range-bound manner
The US Supreme Court ruling on tariffs and the subsequent decision by President Donald Trump offer little clarity on way forward for trade deal with India
All eyes will be on the Reserve Bank of India, which has been intervening to prevent the rupee from slipping below the 91-mark, say experts
The currency rose after the US Supreme Court struck down tariffs imposed by President Donald Trump, who subsequently slapped a 15% tariff on all trading partners
Strong dollar and geopolitical tensions pull rupee down to near Rs 91 levels
The local currency has been held back due to a combination of factors such as global macroeconomic uncertainty and lack of FPI/FII inflows.
The rupee has remained range-bound in recent sessions on likely intervention by the RBI to curb volatility
The currency fell marginally on February 17 as a lack of clear direction in the market kept traders cautious
The rupee was trading at 90.65 to the dollar after ending the previous session at 90.60
The currency edged lower on on February 13 after the dollar gained back some of its ground
Traders expect the rupee to trade between 90.40 and 90.95 in the near term
FII inflows have propped up sentiment even though importer-buying has kept rupee levels in check
February and March are usually positive months for FPIs. Current account is also expected to be positive, which should support the rupee, Jain tells Moneycontrol
Historically, the rupee’s biggest intraday appreciation was recorded on December 18, 2018, when it surged 1.62 percent, followed by a 1.51 percent jump on November 11, 2022, according to the Bloomberg data.
March typically sees higher rupee demand due to corporate book closing, which provides support to the rupee but that is just one part of the story, global cues also matter, Sodhani tells Moneycontrol
The rupee’s depreciation mirrored India’s financial account challenges, particularly equity outflows, which are the result of a combination of factors such as US tariffs, corporate earnings, nominal GDP stress and more, Nim tells Moneycontrol
The rupee gained 48 paise on February 2 -- the highest level since December 19, 2025 -- when it appreciated 60 paise in a single day. In percentage terms, it is up 0.52 percent, compared to previous close.
The rupee gained 42 paise on February 2 -- the highest level since December 19, 2025 -- when it appreciated 60 paise in a single day. In percentage terms, the local currency is up 0.42%, compared to the previous close.
According to Bloomberg data, the domestic currency is down by 2.22%, so far in January. Thus far in the current financial year, the local unit is down by 7.02%
Beyond the headline GDP numbers, the Economic Survey sounds a cautionary note on the rupee. It ties together global fragility, capital flows, and the imperative for competitive manufacturing
The Economic Survey says India’s inflation rate, headline and core, excluding precious metals, will likely be higher in FY27
Budget 2026 is expected to place renewed emphasis on attracting stable foreign capital. Measures such as enhancing FDI limits in select sectors and offering tax incentives to overseas investors are likely to be considered, say experts
At 11.55 am, the currency was trading at 91.57 against the US dollar, a day after it sank to a new low of 91.74
In November, the Indian rupee remained in the range of 88.56-89.45 against the US dollar.