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Rupee strengthens against US dollar in early trade on Monday
Feb-02-2026

The Indian rupee strengthened against the US dollar in early trade on Monday, a day after the Union budget was presented by FM Niramala Sitharaman in parliament. Meanwhile, the Reserve Bank of India was reportedly selling dollars offshore to support the domestic currency amid volatility. However, weak domestic equities amid the government's high borrowing plan, firm American currency and foreign fund outflows have limited further gains in rupee. The government is expected to borrow Rs 17.2 lakh crore in the next financial year to fund its fiscal deficit projected at 4.3% of the GDP. Foreign Institutional Investors offloaded equities worth Rs 588.34 crore on Sunday, exchange data showed.

The partially convertible currency is currently trading at 91.70, stronger by 23 paise from its previous close of 91.93 on Friday. The currency touched a high and low of 91.95 and 91.56 respectively.

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