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The rupee stayed range-bound for the 2nd consecutive time connected Wednesday (February 25, 2026) and settled 1 paisa little astatine 90.96 (provisional) against the U.S. dollar amid higher planetary crude lipid prices and overseas money outflows.
A weaker greenback and affirmative sentiments successful home equity markets prevented the rupee's losses, according to forex traders. At the interbank overseas exchange, the rupee opened astatine 90.94 against the greenback and traded successful a constrictive scope done the league earlier settling astatine 90.96 (provisional), down 1 paisa from its erstwhile close.
On Tuesday (February 24), the rupee settled 6 paise little astatine 90.95 against the U.S. dollar. "Rupee roseate successful aboriginal trades connected a anemic dollar and a affirmative commencement to the home markets. However, it gave up gains connected elevated crude lipid prices and geopolitical tensions," Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.
"We expect the rupee to commercialized with a antagonistic bias amid geopolitical tensions betwixt the U.S. and Iran, arsenic good arsenic the ongoing commercialized tariff uncertainty. Negotiations betwixt the U.S. and Iran are apt to instrumentality spot connected Thursday (February 25, 2026), and markets present expect that the U.S. whitethorn opt for a constricted onslaught connected Iran," helium said.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.05% down astatine 97.79.
"A brushed dollar, on with RBI intervention, whitethorn enactment the rupee astatine little levels. USD-INR spot terms is expected to commercialized successful a scope of ₹ 90.70 to ₹91.20," Mr. Choudhary said.
Brent crude, the planetary lipid benchmark, roseate 0.06% to $70.76 per tube successful futures trade. The home equity markets rebounded connected Wednesday (February 25) with the Sensex climbing 50.15 points to settee astatine 82,276.07, portion the Nifty was up 57.85 points to 25,482.50.
On Tuesday (February 24), overseas organization investors offloaded equities worthy Rs 102.53 crore, according to speech data.
