As of February 27, 2026, the Indian Rupee (INR) is under significant pressure, having closed at 90.95 against the U.S. dollar. The Reserve Bank of India (RBI) has been actively intervening to prevent the rupee from breaching the psychologically significant 91-per-dollar mark, as traders expect it to remain range-bound between 90.40 and 90.95 in the near term. Market sentiment is cautious due to a stronger dollar index, which rose to 98, and increasing crude oil prices, now at $71.4 per barrel. The RBI's interventions come amid ongoing geopolitical tensions and uncertainties surrounding U.S. tariff policies, which have added to the volatility in emerging markets. A trader noted, "It is really a matter of time now. 91.00 can break any day because demand for dollars is very much there," indicating the precarious situation for the rupee (Economic Times).
BUSINESS
Indian Rupee Struggles Near 91 Amid Rbi Interventions
48% NEUTRAL
As of Feb 27, 2026, the Indian Rupee struggles at 90.95 vs USD amid RBI interventions, while the Pakistani Rupee rises to 279.51, supported by strong remittances despite broader currency volatility.
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BRbrecorder.com
ANarynews.tv
TEtechjuice.pk
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ECeconomictimes.com
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ETeconomictimes.indiatimes.com