Rupee Closes 9 Paise Higher at 90.57 Against US Dollar

Why It Matters

A stronger rupee eases import costs and boosts investor sentiment, while the narrow trading range signals heightened sensitivity to global risk factors and US labour data.

Key Takeaways

• Rupee ends at 90.57 per dollar, up 9 paise
• Domestic equities rallied, bolstering currency demand
• Dollar index slipped below 97, easing rupee pressure
• Geopolitical tensions may cap further rupee gains
• Traders eye non‑farm payrolls for next direction

Pulse Analysis

The rupee’s modest rise to 90.57 against the greenback reflects a confluence of domestic and international forces. A buoyant Indian equity market, highlighted by a 208‑point Sensex gain, injected confidence into currency traders, while a softer dollar index—now under 97—reduced external pressure. Foreign institutional investors continued to pour capital into Indian equities, reinforcing the rupee’s support base. However, the rally remains fragile, as import‑driven dollar demand and lingering geopolitical uncertainties act as a ceiling on further appreciation.

From a macro‑policy perspective, the Reserve Bank of India is likely to maintain a cautious stance. With inflation still a concern and global monetary tightening persisting, the RBI may prioritize stability over aggressive rate cuts. The projected trading corridor of 90.30‑90.80 suggests that any deviation will hinge on external shocks, notably the US non‑farm payroll report, which could swing the dollar and, by extension, the rupee. Traders are therefore positioning for range‑bound strategies, using options and forward contracts to hedge against abrupt moves.

For investors, the rupee’s trajectory offers both opportunities and risks. The recent equity inflows signal confidence in India’s growth story, yet the currency’s sensitivity to US data and geopolitical events warrants prudent risk management. Companies with significant import exposure may see cost relief if the rupee holds, while exporters could benefit from a stable exchange rate that supports pricing predictability. Overall, the rupee’s near‑term outlook is shaped by a delicate balance between domestic market strength and global economic headwinds.

Rupee closes 9 paise higher at 90.57 against US dollar

Rupee was supported by firm domestic equities and a weakening US dollar · Updated · February 10, 2026 at 04:09 PM

The rupee pared initial losses and settled on a positive note on Tuesday, higher by 9 paise at 90.57 (provisional) against the US dollar, supported by positive cues from domestic equities and weakening of the American currency in the overseas market.

Forex traders said the rupee is witnessing sideways price action as the support from positive domestic equities and foreign fund inflows was negated by geopolitical tensions and dollar demand from importers.

At the inter‑bank foreign exchange market, the rupee opened at 90.63 against the US dollar, then lost some ground to touch an intraday low of 90.77 and a high of 90.48 against the greenback.

At the end of Tuesday’s trading session, the rupee was quoted at 90.57 (provisional), registering a gain of 9 paise over its previous close.

On Monday, the rupee witnessed a volatile trading session and settled for the day on a slightly lower note, down 1 paise at 90.66 against the US dollar.

“We expect the rupee to trade with a slight positive bias on strength in the domestic markets and trade‑deal optimism. Weak dollar and fresh foreign inflows may further support the rupee. However, geopolitical tensions and dollar demand from importers may cap a sharp upside. Traders may remain cautious ahead of the non‑farm payrolls report on Wednesday. The USD‑INR spot price is expected to trade in a range of 90.30 to 90.80,”

— Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.01 per cent higher at 96.82.

The dollar index has fallen below the 97 level amid ongoing weakness and shifting away from dollar assets. Chinese regulators have urged banks to cut exposure on US Treasury due to US policy risks.

Brent crude, the global oil benchmark, was trading 0.16 per cent lower at $68.93 per barrel in futures trade.

On the domestic equity market front, Sensex climbed 208.17 points to settle at 84,273.92, while Nifty was up 67.85 points to 25,935.15.

On Monday, foreign institutional investors purchased equities worth ₹2,254.64 crore, according to exchange data.

Published on February 10, 2026