Rupee rises 7 paise to 90.40 against U.S. dollar in early trade
The Hindu
Rupee gains 7 paise to 90.40 against the U.S. dollar amid cautious trading and anticipation of RBI's interest rate decision.
The rupee traded in a narrow range and gained 7 paise to 90.40 against the U.S. dollar in early trade on Thursday (February 5, 2026), amid corporate dollar demand and as investors are awaiting for confirmation on the India-U.S. trade deal.
Forex traders said market participants are now shifting focus from celebration to verification as no official documents have been released, and neither side has formally published the final terms.
Moreover, investors are awaiting cues from Friday's (February 6) RBI interest rate announcement.
At the interbank foreign exchange market, the rupee opened at 90.52 against the U.S. dollar, then gained some ground to 90.40, registering a gain of 7 paise over its previous close.
On Wednesday (February 4), the rupee depreciated 15 paise to 90.47 against the U.S. dollar.
In the initial trade, it also touched 90.53 against the American currency.
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