Indian Rupee Drops 31 Paise, Settles at 90.99 Against US Dollar

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Rupee Plummets 31 Paise to 90.99 Against US Dollar Amid US-Iran Tensions

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News18•20-02-2026, 16:15

Rupee Plummets 31 Paise to 90.99 Against US Dollar Amid US-Iran Tensions

•The rupee plunged 31 paise to settle at 90.99 against the US dollar on Friday.
•The decline was driven by a strong American currency and higher crude oil prices.
•Intensifying US-Iran tensions, with both countries signaling war readiness, fueled market volatility.
•Positive momentum in domestic equity markets failed to support the Indian currency.
•Forex analysts expect the rupee to trade with a slight negative bias due to geopolitical tensions and a strengthening dollar.

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