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Indian Rupee at 90.92: Investors Cautious, Will It Strengthen?
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Rupee Hits 90.92 Against Dollar, Investors Cautious Amid Global Trade Tensions
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Moneycontrol
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24-02-2026, 10:25
Rupee Hits 90.92 Against Dollar, Investors Cautious Amid Global Trade Tensions
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Indian Rupee opened at 90.92 against the US dollar, slightly lower than Monday's close of 90.88.
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Cautious investor sentiment and weakness in regional currencies pressured the domestic unit.
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Despite an initial strengthening after a US Supreme Court decision, importer demand and hedging curbed gains.
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India Forex Advisors noted an imbalance in flows and consistent dollar demand pushing the rupee weaker.
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Asian currencies and equities fell due to US trade policy uncertainties and a drop in US Treasury yields.
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