Indian rupee weakens as state banks intervene to prevent slide toward 91 mark
The Indian rupee fell on Tuesday amid soft risk appetite and local equity weakness. State-run banks sold dollars to prevent the currency from hitting 91.
Insights:
The Indian rupee weakened to 90.7625 per dollar on February 17, 2026, as soft risk appetite and persistent weakness in local equities pressured the currency. Market participants observed that dollar sales by state-run banks , widely believed by traders to be acting on behalf of the Reserve Bank of India , were instrumental in slowing the currency's slide toward the psychological level of 91.
