Key Headlines
The Indian rupee spot against US dollar end lower but manage to log best weekly gain over a 3-yrs on Friday, as Friday fall seen on dollar demand from importer bank & long unwinding, but posted best weekly gain over 3-yrs thanks to India-U.S trade deal.
At the NSE Future Feb 25 contract, the rupee ended down by 34 paise to closed at 90.73 against the previous close of 90.39 and made low of 90.24 and high of 90.93. The rupee Spot closed at 90.6550 per dollar, down 0.3% on the day but up 1.4% on the week, its best weekly rise since January 2023.
India's central bank kept its key repo rate unchanged, at 5.25 buoyed by a positive economic outlook and reduced pressures following trade deals with the U.S. and Europe. The monetary policy stance was retained at "neutral", suggesting rates will stay low for some time to come. "Going forward, we think the MPC will be guided by the evolving macroeconomic conditions and the outlook based on data from the new series in charting the future course of monetary policy.
Foreign portfolio investors have net bought about $1 billion of local stocks over February so far after selling a net of $4 billion last month.
India’s foreign exchange reserves stood at $723.8 billion as of January 30, Reserve Bank of India chief Sanjay Malhotra said in his policy speech on Friday. The stockpile rose from $709.4 billion, which was already an all-time high. The reserves provide a merchandise import cover of more than 11 months, Malhotra said.
| Currencies | 2/2/2026 | 6/2/2026 | Change (%) |
|---|---|---|---|
| USDINR | 92.04 | 90.73 | -1.40 |
| EURINR | 109.42 | 107.05 | -2.40 |
| GBPINR | 125.95 | 123.23 | -2.30 |
| JPYINR | 59.48 | 58.0 | -2.80 |
Vibhu Ratandhara
Digitally signed by Vibhu Ratandhara Date: 2026.02.09
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