Indian Rupee Faces Pressure Near 91 As Rbi Intervenes

As of February 27, 2026, the Indian Rupee (INR) is facing renewed pressure, with expectations that it may retest the 91-per-dollar mark. The INR closed at 90.9050 against the U.S. dollar, but market sentiment is cautious due to risk-off flows and modest dollar strength. According to recent reports, the one-month non-deliverable forward indicates that the rupee is likely to open in the 90.98-91.02 range. Traders have noted that sustained dollar demand linked to non-deliverable forward maturities and routine corporate flows has compounded the strain on the rupee. A currency trader mentioned, "Absent central bank intervention, the rupee may have already broken decisively beyond 91," highlighting the RBI's critical role in maintaining the currency's value amidst ongoing market pressures.