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Indian rupee weakens against dollar on Friday

20 Feb 2026 Evaluate

Indian rupee weakened against the U.S. dollar on Friday amid firm dollar and heightened global crude oil prices. The escalating geopolitical tensions between Iran and United State has weighed on crude prices amid reports indicating that Trump administration considering fresh military action against Iran. Market participants also worry that a military conflict could impact the oil supply through the Strait of Hormuz which accounted for roughly 31% of global seaborne crude transport. Meanwhile, India’s private sector activity accelerated in the month of February, with quicker increases in total new orders and international sales. The HSBC Flash India PMI Composite Output Index rose from 58.4 in January to 59.3 in February, indicating the strongest rate of expansion for three months. On the global front, Japanese Yen weakened against U.S. dollar on Friday as data showed Japan's key inflation gauge eased to the slowest pace in two years, dampening bets on a Bank of Japan rate hike.

Finally, the rupee ended at 90.95 (Provisional), Weakened by 27 paise from its previous close of 90.68 on Wednesday. The currency touched a high and low of 91.04 and 90.92 respectively.

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