Indian Rupee Trades Narrowly Near 90.91 Against US Dollar Amid Mixed Global Cues

The Indian rupee traded in a narrow range against the US dollar, closing around 90.91-90.92 in late February amid mixed influences. Gains were supported by foreign fund inflows, a softer dollar, and positive domestic equity markets, while pressures arose from rising global crude oil prices, geopolitical tensions between the US and Iran, and uncertainties over US trade tariffs. The Reserve Bank of India’s interventions helped stabilize the currency near the 91 mark. Market participants awaited upcoming domestic GDP data and monitored global developments for clearer direction.