- KR Bharat
- 2026-02-25
The Indian rupee strengthened by 6 paise to 90.89 against the US dollar in early trade in Mumbai on Wednesday, supported by a weaker greenback and a strong opening in domestic equity markets. Forex traders noted that positive sentiment in local stocks helped the currency recover from the previous session’s decline.
At the interbank foreign exchange market, the rupee opened at 90.94 against the dollar before rising to 90.89, marking a gain of 6 paise compared to its previous close of 90.95. However, rising global crude oil prices and continued foreign institutional investor (FII) outflows limited further appreciation, keeping the currency within a narrow trading range.
According to market experts, the rupee is expected to trade between 90.75 and 91.25 in the near term, with intermittent dollar demand likely to cap sharp gains despite supportive domestic factors.
