Indian rupee drops past 91 per dollar as thin holiday trading amplifies currency losses
The rupee faces downward pressure today following a significant slide during Thursday's holiday session. Weak equities and high oil prices fuel the decline.
The rupee in India 
IN slid past the 91 per dollar mark during a thin holiday session on February 20, 2026, as patchy holiday flows and losses in the non-deliverable forward (NDF) market weighed on the currency. The decline against the currency of the United States 
US was exacerbated by aggressive dollar buying from a large public sector bank (large buyer of dollars), which faced limited liquidity in the Mumbai rupee trading hub. This move is significant as it breached a level that the Reserve Bank of India had reportedly resisted through recent interventions in the 90.70–90.80 range.
IN slid past the 91 per dollar mark during a thin holiday session on February 20, 2026, as patchy holiday flows and losses in the non-deliverable forward (NDF) market weighed on the currency. The decline against the currency of the United States US was exacerbated by aggressive dollar buying from a large public sector bank (large buyer of dollars), which faced limited liquidity in the Mumbai rupee trading hub. This move is significant as it breached a level that the Reserve Bank of India had reportedly resisted through recent interventions in the 90.70–90.80 range.
