Rupee Slides for Fifth Session Amid Dollar Strength and Geopolitical Risks
By HDFC SKY | Updated at: Feb 20, 2026 05:05 PM IST
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The Indian rupee extended its losing streak for a fifth consecutive session, emerging as a laggard among its Asian peers. With domestic forex markets closed on Thursday, the rupee played catch-up, reacting to a resurgent US dollar and mounting geopolitical tensions. The local unit remains under pressure due to sustained capital outflows and robust dollar demand from importers.
Technically, the USDINR spot has staged an upside breakout after a two-week consolidation phase between 90.40 and 90.80. Immediate support for the pair is now seen at 90.80, while resistance is pegged at 91.10 and 91.40.
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