Rupee Steady at 90.19 After RBI Holds Rates, Raises Inflation Forecasts

• The rupee remained steady at 90.19 on February 6 after the Reserve Bank of India (RBI) maintained status quo on interest rates.
• RBI raised its inflation forecast for the current fiscal year to 2.1 percent from 2 percent.
• The central bank also increased inflation estimates for Q1 FY27 to 4 percent from 3.9 percent.
• Earlier in the week, the rupee gained significantly following a trade deal between India and the United States.
• RBI Governor Sanjay Malhotra noted that external headwinds have intensified, but trade deals are positive for the economic outlook.