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Rupee weakens against US dollar in early trade on Tuesday

17 Feb 2026 Evaluate
The Indian rupee weakened against the US dollar in early trade on Tuesday, driven by a stronger American currency and foreign fund outflows from the Indian capital market as investors are cautiously awaiting the upcoming Federal Reserve minutes and GDP data for clearer signals on the timing of potential interest rate cuts. Foreign institutional investors offloaded equities worth Rs 972.13 crore on Monday, exchange data showed. Traders also took note of reports that wholesale price inflation extended upward momentum for the third straight month, at 1.81% in January, driven by an uptick in prices of food, non-food articles, and manufactured items on a month-on-month basis. Meanwhile, India’s trade deficit widened to a three-month high of $34.68 billion. However, suspected intervention by the Reserve Bank of India has successfully prevented the Indian rupee from crossing the 91-per-dollar threshold. 

The partially convertible currency is currently trading at 90.76, weaker by 2 paise from its previous close of 90.74 on Monday. The currency touched a high and low of 90.78 and 90.64 respectively.

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