Rupee rises 21 paise to 90.44 against the U.S. dollar

Rupee rises 21 paise to 90.44 against the dollar, boosted by positive trade pact news and strong domestic equities.

The rupee gained 21 paise to 90.44 against the U.S. dollar in early trade on Monday (February 9, 2026), supported by positive sentiments after India and the U.S. reached a framework for an interim trade pact.

Forex traders said the rupee opened on a lower note, but soon gained the lost ground and was trading on a positive note after India and the U.S. on Saturday (February 7) announced they have reached a framework for an interim trade agreement under which both sides will reduce import duties on a number of goods to boost two-way trade.

Moreover, a retreating dollar index and a positive trend in domestic equities further supported investor sentiments.

At the interbank foreign exchange market, the rupee opened at 90.66 against the U.S. dollar, then gained some ground to touch 90.44, registering a gain of 21 paise over its previous close.

On Friday (February 6), the rupee declined 31 paise to settle at 90.65 against the U.S. dollar. In the initial trade, it also touched 90.70 against the American currency.

"RBI continues to act from both sides of the market selling dollar on good upticks thus keeping a tab on the excessive depreciation while it has also kept a tab on the appreciation after the US-India deal was announced and on Saturday the terms of reference were declared buying dollars near to 90.05 levels," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP.