Indian Rupee softened today as the US dollar stayed steady and local equities witnessed flat moves. INR shed 32 paise to trade at 90.66 per US dollar, easing from near four-week high. The key equity benchmarks ended with minor gains today. The Nifty settled above the 25,650 mark. The Reserve Bank of India (RBI�s) Monetary Policy Committee (MPC) held its first monetary policy review of the calendar year 2026. RBI governor Sanjay Malhotra kept the key policy rate - repo rate unchanged at 5.25%. The RBI has also revised GDP growth forecast for the ongoing financial year to 7.4% from 7.3% today. Real GDP growth for Q1 FY27 has also been revised to 6.9% from 6.7% and Q2 to 7% from 6.8%, with risks evenly balanced. On NSE, USD/INR futures closed up 0.32% at 92.71. Powered by Capital Market - Live News

Rupee closed lower at 90.7125 per Dollar on Friday (06 February 2026), versus its previous close of 90.4100 per Dollar.Powered by Capital Market - Live News

The US dollar index has eased from around two-week high but losses are being curbed. Currency markets eyed status quo from major central banks like ECB and BOE. Major US indexes tumbled amid a broad tech pullback and disappointing labor data, with Qualcomm�s sharp drop weighing on sentiment while Treasury yields fell as investors shifted toward safety. In U.S. economic news, initial jobless claims surged to 231,000 for the week ended January 31, up 22,000 from the prior week and well above expectations. Job openings also declined to their lowest level in more than five years, signaling a cooling labor market. Due to a short government shutdown earlier this week, the Labor Department postponed its monthly jobs report to next Wednesday. This weighed on the US currency and the dollar index currently quotes at 97.70, almost unchanged on the day. Powered by Capital Market - Live News

The Japanese yen hovered around 156.7 per dollar in electronic trading on Friday as investors positioned ahead of this weekend�s lower house elections. Despite the stability, the currency is set for a weekly loss of more than 1%, weighed down by expectations that Prime Minister Sanae Takaichi will secure voter support for higher government spending and possible tax cuts, intensifying concerns over Japan�s fiscal outlook. Uncertainty surrounding how the government plans to fund its policy agenda has kept investors cautious, while attention also turns to Japan�s Q4 GDP data due next week, which is expected to show a rebound from the previous quarter�s contraction. Adding to the pressure, the US dollar remained firm near a two-week high, as markets reassessed the outlook for US monetary policy. The greenback has gained momentum since President Donald Trump nominated Kevin Warsh as the next Federal Reserve Chair. Warsh is widely viewed as favoring a tighter policy stance, including maintaining higher interest rates for longer and reducing the Fed�s balance sheet. Powered by Capital Market - Live News

The Indian rupee extends recovery in opening trades on Friday on the back of improving sentiments and FII inflows following US-India trades deal. Easing crude oil prices from elevated levels are also seen supporting the counter. However, dollar strength and muted local equities could cap upside in the counter.Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, hurt by continued weakness in technology stocks which mirror their peers on the tech-heavy Nasdaq amid concerns about valuations and the impact of artificial intelligence. INR opened at Rs 90.28 per dollar and hit a high of 90.18 so far during the day. Yesterday, rupee appreciated 13 paise to close at 90.34 against the US dollar. Meanwhile investors shift their focus to RBI monetary policy scheduled for the day. Powered by Capital Market - Live News