Rupee Weakens to 90.67 Against Dollar; Traders Eye US Inflation Data

• The Indian Rupee opened 8 paise weaker at 90.67 against the US dollar on February 13.
• Strengthening US dollar and lack of domestic triggers contributed to the rupee's weakening.
• RBI likely intervened in the NDF market on February 12 to support the rupee, but importers' dollar buying pushed it back.
• Traders are monitoring US January inflation data for Federal Reserve rate cut signals, which could impact the dollar and emerging market currencies.
• India's January CPI at 2.75% (new series) brings retail inflation back within RBI's 2-6% target band.