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The rupee gained 42 paise to adjacent astatine 91.51 (provisional) against the U.S. dollar connected Monday (February 2, 2026), a time aft the Union Budget 2026-27 was presented, mostly arsenic crude lipid prices retreated from their elevated levels.
Forex traders said the Reserve Bank of India (RBI) seemed to beryllium defending the 92 per dollar level with a batch of resolve.
At the interbank overseas speech market, the rupee opened astatine 91.95 against the US dollar, past gained immoderate crushed to interaction an intraday precocious of 91.45 and a debased of 91.95 against the greenback.
At the extremity of the trading league connected Monday (February 2, 2026), the rupee was quoted astatine 91.51 (provisional) against the greenback, registering a summation of 42 paise from its erstwhile close.
On Friday (January 30, 2026), the rupee deed a grounds debased of 92.02 earlier ending 6 paise higher astatine 91.93 against the U.S. dollar.
For the rupee, the Budget offered reassurance, not relief, and the government's precocious borrowing program is apt to measurement connected capitalist sentiments going ahead.
The authorities is apt to get ₹17.2 lakh crore successful the adjacent fiscal twelvemonth to money its fiscal shortage projected astatine 4.3% of the GDP.
"Overall, it looks similar a prudent budget, focusing connected continuity. Given the geopolitical uncertainties and challenges, it seems the authorities it seems has chosen to spell a spot dilatory connected fiscal consolidation," IFA Global said successful a probe note.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.09 per cent higher astatine 97.07.
Brent crude, the planetary lipid benchmark, was trading 4.46 per cent little astatine USD 66.23 per tube successful futures trade, arsenic the US and Iran were talking astir avoiding US strikes connected Iranian soil.
The lipid prices had touched $72 per tube aft traders expected a U.S. onslaught connected Iran during the weekend.
"As the Budget volatility subsides, the Indian rupee and home equities person emerged arsenic determination outperformers. A operation of cooling commodity prices, enhanced fiscal control, ample forex reserves and suspected firm dollar selling has provided a tailwind for the section currency," Dilip Parmar, Research Analyst, HDFC Securities, said.
In the adjacent term, the USD-INR spot is apt to consolidate wrong a choky range, uncovering enactment astatine 91.10 and facing absorption adjacent 91.85, Parmar added.
On the home equity marketplace front, Sensex jumped 943.52 points to settee astatine 81,666.46, portion the Nifty surged 262.95 points to 25,088.40.
On Sunday, equity markets reacted negatively to the FY27 Budget arsenic it projected a higher securities transaction taxation connected derivatives and changes to buyback taxation, raising concerns implicit accrued costs for investors.
Foreign Institutional Investors offloaded equities worthy ₹588.34 crore connected Sunday, according to speech data.
