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The rupee plunged 31 paise to settee astatine 90.99 (provisional) against the U.S. dollar connected Friday (February 20, 2026), tracking a beardown American currency against large currencies and higher crude lipid prices amid intensifying US-Iran tensions.
Positive momentum successful home equity markets failed to enactment the Indian, forex analysts said.
They attributed the strengthening greenback and volatile crude prices to heightened hostility betwixt the U.S. and Iran, with some countries signalling they are prepared for warfare if talks connected Tehran's atomic programme fizzle out.
At the interbank overseas exchange, the rupee opened astatine 90.94 against the U.S. dollar and touched the intraday debased of 91.04 during the session. It ended the league astatine 90.99 (provisional), registering a steep nonaccomplishment of 31 paise from the erstwhile closing level.
The rupee roseate 4 paise to settee astatine 90.68 against the U.S. dollar connected Wednesday (February 18). The currency speech markets were closed connected Thursday connected relationship of Chatrapati Shivaji Maharaj Jayanti.
Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said the rupee declined connected geopolitical tensions and a beardown dollar. Surge successful crude lipid prices besides weighed connected the home currency. However, affirmative home markets cushioned the downside.
"We expect the rupee to commercialized with a flimsy antagonistic bias connected escalating geopolitical tensions and strengthening of the dollar," helium said, adding, "USD-INR spot terms is expected to commercialized successful a scope of ₹90.70 to ₹91.30." Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading higher by 0.01% astatine 97.86.
Brent crude, the planetary lipid benchmark, was trading 0.50% little astatine $71.50 per barrel.
