Indian Rupee Pauses Decline

2026-02-24 03:58 By Mariene Camarillo 1 min. read

The Indian rupee held steady at around 90.8 per dollar, pausing its losses from the previous session amid broad strength in Asian currencies.

Despite this stabilization, the rupee continues to face structural pressures from ongoing corporate dollar demand and weak portfolio inflows, leaving it lagging behind regional peers.

Analysts anticipate that the rupee may trade in a narrow range of 90.86–90.88, supported by the Reserve Bank of India’s active interventions.

The central bank has consistently stepped in near the psychologically significant 91 level through dollar sales via state-run banks.

On the upside, the RBI’s foreign-exchange strategy has provided reassurance, with analysts expecting dollar purchases if the rupee strengthens to 88–89 per dollar.

Despite challenges such as a $62 billion short forward book and heavy sovereign borrowing of around INR 30 trillion in the next fiscal year, RBI reserves remain at a record $725.7 billion, providing a strong cushion against volatility.



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