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Indian rupee strengthens against dollar on Monday
Feb-02-2026

Indian rupee strengthened against the U.S. dollar on Monday supported by pull back in crude oil prices and Reserve Bank of India’s intervention. Besides, investors shrugged off worries of STT hike and remained optimistic about Union Budget for 2026-27 which focuses on long-term growth. Meanwhile, Fitch Ratings has said that India's Union Budget 2026-27 shows the government’s continued commitment towards maintaining macro stability through a gradual path of government debt reduction balanced against a still-robust capex program to enhance growth prospects. On the global front, Japanese yen has weakened against the U.S. dollar on Monday as Japanese Prime Minister Sanae Takaichi mentioned the benefits of the yen's current weakness and investors braced for the February 8 snap lower house election.

Finally, the rupee ended at 91.49 (Provisional), strengthened by 44 paise from its previous close of 91.93 on Friday. The currency touched a high and low of 91.95 and 91.45 respectively.

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