Rupee falls 8 paise to settle at 90.99 against U.S. dollar
The Hindu
The rupee fell 8 paise to 90.99 against the dollar, pressured by FII outflows and declining equity markets.
The rupee declined 8 paise to settle at 90.99 (provisional) against the U.S. dollar on Friday (February 27, 2026) weighed down by a sharp rise in global crude oil prices amid geopolitical uncertainties.
FII outflows and a fall in the domestic equity markets further pressured the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 90.91 and moved in a narrow range of 90.91-91.06 before settling at 90.99 (provisional), down 8 paise from its previous close.
The rupee settled on a flat note at 90.91 against the U.S. dollar on Thursday (February 26, 2026).
"We expect the rupee to trade with a negative bias on weak tone in the domestic equities and geopolitical risks between the U.S. and Iran. USD-INR spot price is expected to trade in a range of ₹90.70 to ₹91.20," Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05% lower at 97.74.
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