Indian Rupee Strengthens Against Usd Amid Rbi Interventions

As of February 26, 2026, the Indian Rupee (INR) has closed marginally stronger at 90.9050 against the U.S. dollar, up from 90.9475 in the previous session. This increase is attributed to strength in regional currencies and a favorable interbank selling interest, although elevated dollar demand at the daily reference rate limited further gains. Traders noted that the Reserve Bank of India's (RBI) interventions were crucial in maintaining the INR above the psychologically important 91-per-dollar mark, especially with ongoing corporate dollar demand and geopolitical tensions affecting oil prices. The dollar index remained steady at 97.7, while the offshore yuan reached a three-year high, providing some support to the INR.