The rupee fell by 7 paise to 90.96 against the U.S. dollar in early trade on Tuesday (February 24, 2026), weighed down by a rise in global crude oil prices and a stronger greenback. At the interbank foreign exchange, the rupee opened at 90.91 against the US dollar and slipped further to 90.96, down 7 paise from its previous close. The rupee gained 5 paise to settle at 90.89 against the US dollar on Monday. It faces headwinds from (US President Donald) Trump's 15 per cent global tariffs announcement after the unfavourable Supreme Court ruling," Bhansali said. Brent crude, the global oil benchmark, rose sharply by 0.85 per cent to USD 72.10 per barrel.

Source: The Hindu February 24, 2026 04:35 UTC