Indian rupee weakens as stock market slump and dollar demand weigh on currency
The rupee fell today as local stocks slumped and dollar demand rose. Central bank intervention limited losses while traders eyed upcoming US political speeches.
The Indian 
IN rupee closed modestly weaker on February 24, 2026, as a combination of falling local equities and strong dollar demand from the non-deliverable forwards (NDF) market pressured the currency. The Reserve Bank of India intervened to limit losses throughout the session, as the currency faced persistent downward pressure heading into the month-end.
IN rupee closed modestly weaker on February 24, 2026, as a combination of falling local equities and strong dollar demand from the non-deliverable forwards (NDF) market pressured the currency. The Reserve Bank of India intervened to limit losses throughout the session, as the currency faced persistent downward pressure heading into the month-end.
