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Rupee strengthens against US dollar in early trade on Wednesday

18 Feb 2026 Evaluate
The Indian rupee strengthened against the US dollar in early trade on Wednesday, despite a stronger American currency overseas with investors are awaiting the release of minutes from the Fed’s last meeting and key economic data later in the week for signals on future rate cuts. Moreover, renewed buying interest from foreign institutional investors also supported rupee sentiments. Foreign institutional investors turned net buyers and purchased equities worth Rs 995.21 crore, while Domestic Institutional Investors bought shares worth Rs 187.04 crore on Tuesday, exchange data showed. Meanwhile, likely intervention by the Reserve Bank of India slowed the currency’s drift toward the psychologically important 91-per-dollar mark.

The partially convertible currency is currently trading at 90.69, stronger by 3 paise from its previous close of 90.72 on Tuesday. The currency touched a high and low of 90.7150 and 90.60 respectively.

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