Rupee Declines as USDINR Holds Firm Ahead of GDP Data
By HDFC SKY | Published at: Feb 27, 2026 06:15 PM IST
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The Indian rupee continues to weaken, tracking a broader decline in regional currencies. This week, the USDINR faced psychological 91.00 level resistance amid expectations of central bank intervention. However, risk-averse sentiment and robust dollar demand from importers continue to weigh on the local rupee. Ahead of today’s Q3 GDP release, the USDINR pair remained confined to a narrow trading range. The outlook remains bullish for the pair unless it can break 90.60, while 91.10 and 91.40 are expected to serve as immediate resistance levels.
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