Key Headlines
The Indian rupee spot against the US dollar end little lower on Wednesday, on dollar demand from importer bank and uptick in Crude oil prices, while expected inflows & recovery in equity market cap rupee from sharp fall.
The rupee at NSE Future 25 Feb-26. ended fall by 10 paise at 90.72 against previous close of 90.62 and after make low of 90.50 and high of 90.81.
Foreign investors have net purchased Indian equities worth $1.3 billion so far this month, after three consecutive months of outflows.
India's net direct tax collections rose 9.4% year-on-year to 19.4 trillion rupees ($213.91 billion) as of February 10, the government said in a statement. The government collected 22.8 trillion rupees in gross direct taxes during April 1 to February 10, about 4.1% higher than the same period a year earlier, according to a statement by the income tax department. India's financial year runs from April to March. Direct tax collections primarily include corporate and income tax. The government issued refunds worth 3.3 trillion rupees during the period.
The dollar rallied against major currencies including the euro and Swiss franc on Wednesday following surprisingly strong employment data that suggested underlying U.S. economic health.
U.S. employers added 130,000 jobs in January, surpassing the 70,000 jobs that Reuters had estimated, and indicating that the Federal Reserve would continue holding off on further rate cuts. The unemployment rate fell to 4.3% in January from 4.4% in December, according to the U.S. Labor Department.
The dollar rose 0.63% to 0.77280 against the Swiss franc . The euro down 0.30% against the dollar at $1.185975. The dollar index rose 0.16% to 97.07, on track to snap three straight sessions of losses. The yen strengthened 0.68% against the greenback to 153.34 per dollar, on track for the third straight session of gains.
Markets are now pricing in a 94% chance that the Fed will leave rates unchanged at its next meeting, up from 80% from the previous day, according to the CME's FedWatch tool.
| Currency | LTP | S1 | S2 | R1 | R2 | Trend |
|---|---|---|---|---|---|---|
| USDINR | 90.72 | 90.10 | 89.40 | 91.0 | 91.70 | BEARISH |
| FUTURE | ||||||
| EURINR | 108.22 | 107.75 | 107.0 | 108.40 | 109.10 | BEAERISH |
| FUTURE | ||||||
| GBPINR | 124.36 | 123.70 | 123.0 | 124.50 | 125.30 | BEARISH |
| FUTURE | ||||||
| JPYINR | 59.44 | 58.90 | 58.30 | 60.10 | 60.60 | BULLISH |
| FUTURE | ||||||
Vibhu Ratandhara
Digitally signed by Vibhu Ratandhara Date: 2026.02.12
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