2026.02.1905:49:15UTC+00Indian Rupee Slips to Over 2-Week Low

The Indian rupee weakened to around 91 per dollar, its lowest level in more than two weeks, pressured by broad-based dollar strength. The currency declined in line with other emerging-market peers as the greenback held onto gains supported by robust US economic data. At the same time, thin liquidity in Asian markets during the holiday period made regional currencies more vulnerable to relatively modest order flows. Persistent dollar demand from importers and for hedging purposes, together with elevated import costs for oil and other commodities, also kept USD/INR under upward pressure. Even so, residual support from the Reserve Bank of India’s earlier interventions and dollar sales by state-owned banks, along with improved foreign portfolio inflows and optimism stemming from recent trade agreements, helped keep the rupee contained within its medium-term trading range. Market participants are closely tracking import flows, global commodity prices, and domestic policy signals for further direction on the rupee’s trajectory.