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The Indian Rupee (INR) opens lower against the US Dollar (USD) at the start of the week. The USD/INR pair rises to near 90.70 as the Indian Rupee has come under pressure following a sharp sell-off by overseas investors in the Indian stock market on Friday, resulting in a significant outflow of foreign funds. On Friday, Foreign Institutional Investors (FIIs) sold shares worth Rs. 7,395.41 crore in the Indian equity market, according to data from the National Stock Exchange (NSE), as fears of Artificial Intelligence (AI) disruption led to a bloodbath in the Information Technology (IT) stocks. Bleeding Indian IT stocks have dampened the interest of foreign investors once again, who were returning to domestic markets after the confirmation of a trade deal between the United States (US) and India. In addition to a significant outflow of foreign funds, expectations of higher oil prices due to tensions between the US and Iran are also weighing on the Indian Rupee. The appeal of currencies that rely heavily on imports of oil to meet their energy needs diminished in a high oil price environment. In Monday’s session, investors will focus on Wholesale Price Index (WPI) Inflation data for January, which will be published at 12:00 PM (IST). Inflation at the wholesale level is estimated to have risen at an annualized pace of 1.25%, faster than 0.83% in December. Daily Digest Market Movers: US headline inflation cools down to 2.4% YoY The upside move in the Indian Rupee is also driven by the US Dollar’s steady performance. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher near 96.95. The US Dollar remains broadly stable at the start of the week as near-term dovish Federal Reserve (Fed) expectations have remained capped despite US…

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Filed under: News - @ February 16, 2026 6:24 am