Rupee falls 36 paise to close at 90.70 against U.S. dollar

Rupee falls 36 paise to 90.70 against the dollar, impacted by geopolitical tensions and rising crude oil prices.

The rupee declined 36 paise to settle at 90.70 (provisional) against the U.S. dollar on Friday (February 6, 2026), weighed down by geopolitical uncertainty over the U.S.-Iran talks, and a sharp rise in global crude oil prices.

The currency gained in the first half of the session after the Reserve Bank announced a status quo on key lending rates; however, sustained foreign fund outflows pressured the local unit, forex traders said.

At the interbank foreign exchange, the rupee opened at 90.28 against the greenback and oscillated between the high of 90.18 and the low of 90.83 during the session. It eventually settled at 90.70 (provisional), down 36 paise from its previous close.

On Thursday (February 5, 2026), the rupee appreciated 13 paise to close at 90.34 against the U.S. dollar.

"The rupee rose in the first half of the day as the Reserve Bank of India left the repo rate unchanged at 5.25%, in line with expectations. However, the rupee lost initial gains amid geopolitical uncertainty over U.S.-Iran talks," Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.

He said that heightened geopolitical uncertainty may lead to risk aversion in the global market.