Indian Rupee Opens Lower Against US Dollar at ₹90.9475

The Indian rupee began trading weaker on February 27, opening at ₹90.9475 per US dollar, marking a 0.05% decline from its previous close of ₹90.9050. The movement highlights the currency’s sensitivity to global dollar strength and domestic liquidity conditions.

Key Highlights

• Opening Rate: Rupee at ₹90.9475/USD, down 0.05%.
• Previous Close: ₹90.9050/USD.
• Market Sentiment: Reflects cautious positioning amid global currency trends.
• Domestic Context: Liquidity updates and fiscal signals continue to influence forex dynamics.
• Investor Focus: Traders are monitoring RBI’s stance and global dollar movements.

The marginal depreciation underscores the rupee’s vulnerability to external pressures, particularly global dollar demand and interest rate expectations. Domestic liquidity signals from the Reserve Bank of India (RBI) also play a role in shaping short-term currency trends.

Market participants remain watchful of RBI’s interventions and global macroeconomic cues, which could determine the rupee’s trajectory in the coming sessions.

Source: Reuters market update