The rupee gained 37 paise to 91.56 against the US dollar in early trade on Monday, a day after the Union Budget 2026-27 was presented, largely as crude oil prices retreated from their elevated levels. Forex traders said for the rupee, the budget offered reassurance, not relief. At the interbank foreign exchange market, the rupee opened at 91.95 against the US dollar, then gained some ground to 91.56, registering a gain of 37 paise over its previous close. On Friday, the rupee hit a record low of 92.02 before ending 6 paise higher at 91.93 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.10 per cent higher at 97.08.

Source: The Telegraph February 02, 2026 07:36 UTC