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Rupee shows mild strength against dollar on Tuesday

17 Feb 2026 Evaluate

Indian rupee has shown mild strength against the U.S. dollar on Tuesday supported by lower commodity prices in overseas markets. However, persistent selling by foreign institutional investors (FIIs) continued to weigh on rupee. FIIs have sold securities worth Rs 972.13 crore on Monday. Meanwhile, India’s merchandise exports rose marginally by 0.61% to $36.56 billion in January 2026 as compared to $36.34 billion in January 2025. Merchandise imports rose 19.2% - the highest so far this fiscal - to a three-month high of $71.24 billion in January 2026 as compared to $59.77 billion recorded a year ago, driven by a sharp rise in inbound shipments of gold and silver due to higher prices. On the global front, Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as investors remain optimistic about Prime Minister Sanae Takaichi’s policies. 

Finally, the rupee ended at 90.69 (Provisional), strengthened by 5 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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