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Indian rupee witnesses mild weakness against dollar on Monday

09 Feb 2026 Evaluate

Indian rupee witnessed mild weakness against the U.S. dollar on Monday as traders parsed through details of framework for India-US Interim Agreement regarding reciprocal and mutually beneficial trade. Under this agreement, India will eliminate or reduce tariffs on all U.S. industrial goods and a wide range of U.S. food and agricultural products, while US will apply a reciprocal tariff rate of 18% on goods coming from India. India intends to purchase $500 billion of U.S. energy products, aircraft and aircraft parts, precious metals, technology products, and coking coal over the next 5 years. On the global front, the Japanese yen strengthened against the U.S. dollar on Monday, after the ruling Liberal Democratic Party secured a landslide victory in the House of Representatives election.

Finally, the rupee ended at 90.72 (Provisional), weakened by 7 paise from its previous close of 90.65 on Friday. The currency touched a high and low of 90.77 and 90.37 respectively.

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