The Indian rupee surged 1.5% to 90.1250 per US dollar today, marking its strongest single-day appreciation since 2018. The rally was driven by robust foreign inflows, easing global dollar strength, and positive domestic equity performance, positioning the rupee for resilience amid global market volatility.
The Indian rupee is witnessing a sharp rally on Tuesday, February 3, 2026, trading at 90.1250 per US dollar, up 1.5% from the previous session. This marks the currency’s best single-day gain in nearly eight years, underscoring investor confidence in India’s macroeconomic fundamentals and fiscal outlook.
Analysts attribute the surge to strong foreign institutional inflows, a softer U.S. dollar index, and optimism following India’s fiscal consolidation roadmap outlined in the Union Budget 2026. The rupee’s performance is also being supported by gains in domestic equities, with the Nifty 50 index trading higher, led by banking and IT stocks.
Key highlights from the announcement include
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Indian rupee rises 1.5% to 90.1250 per US dollar
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Best single-day appreciation since 2018
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Strong foreign inflows and easing global dollar strength supported the rally
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Union Budget 2026 fiscal clarity boosted investor confidence
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Nifty 50 index trading higher, led by banking and IT stocks
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Rupee’s resilience reflects India’s strong macroeconomic fundamentals
Industry experts note that the rupee’s sharp appreciation signals robust investor sentiment toward India’s economy. With supportive domestic and global factors, the currency is expected to maintain stability in the near term, though external risks such as oil prices and global monetary policy remain watchpoints.
Sources: Reuters, Economic Times, Business Standard