Consultant picture. |Photograph courtesy: Getty Photographs/iStockphoto
In early commerce on Monday (February 23, 2026), the rupee rose 21 paise towards the US greenback to $90.73, helped by a plunge in world oil costs and a weaker greenback amid uncertainty over US President Donald Trump’s hike in tariffs to fifteen%.
Brent crude, the worldwide oil benchmark, fell 1.09% to $70.98 per barrel.
A robust opening within the home inventory market and a surge in overseas alternate reserves offered additional help to the home sector, overseas alternate merchants mentioned. In interbank overseas alternate, the rupee opened at 90.76 rupees towards the US greenback and additional strengthened to 90.73 rupees, up 21 paise from the earlier shut.
The rupee depreciated by 26 paise on Friday to settle at 90.94 paise towards the US greenback.
“The rupee opened stronger after the US Supreme Courtroom’s choice on tariffs triggered a decline within the greenback index. Most Asian currencies rose from Friday’s shut,” mentioned Anil Kumar Bhansali, head of finance and government director at Finrex Treasury Advisors LLP.
Nonetheless, the market continues to be in a dollar-buying temper, which might weigh on the rupee, he mentioned. “The market continues to be in a dollar-buying temper and the rupee could promote because the day progresses,” he mentioned.
In the meantime, the greenback index, which measures the greenback’s power towards a basket of six currencies, was buying and selling 0.33% decrease at 97.47.
Within the home inventory market, the Sensex rose 621.78 factors to 83,436.49 in early commerce, whereas the Nifty rose 180.05 factors to 25,751.30.
International institutional traders bought shares value Rs 934.61 crore on Friday, based on alternate information.
RBI mentioned on Friday (February 20, 2026) India’s overseas alternate reserves elevated by $8.663 billion within the week ended February 13 to hit a report excessive of $725.727 billion.
