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Rupee witnesses mild weakness against dollar on Tuesday

24 Feb 2026 Evaluate

Indian rupee witnessed mild weakness against the U.S. dollar on Tuesday amid firm dollar and high global crude oil prices. Besides, investors took cautious approach amid ongoing geopolitical tensions and fresh threats by US President Donal Trump to countries which are backing away from the deals after US Supreme Court verdict. He has reportedly threatened to hit them with much higher duties under different trade laws. Meanwhile, days after the government changed the Consumer Price Index (CPI) inflation series-based year, Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that the new CPI inflation series based on 2024 prices will better reflect Indian households' consumption patterns and reduce volatility. He noted that in both ways, it will help in better CPI estimation. On the global front, the Japanese yen weakened against other major currencies in the Asian session on Tuesday after a private report indicated that Japanese Prime Minister Sanae Takaichi had conveyed her reservations about further interest rate hikes to Bank of Japan Governor.

Finally, the rupee ended at 90.94 (Provisional), weakened by 5 paise from its previous close of 90.89 on Monday. The currency touched a high and low of 90.97 and 90.91 respectively.

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