The Indian Rupee (INR) trades flat against the US Dollar (USD) on Wednesday. The USD/INR pair wobbles around 91.00 as the Indian Rupee trades with caution ahead of nuclear talks between the United States (US) and Iran on Thursday and the release of the domestic Q4 Gross Domestic Product (GDP) data on Friday.
Investors will pay close attention to the outcome of the US-Iran nuclear talks, as it would have a significant impact on the oil price. Currencies from countries that rely heavily on imports of oil to fulfill their energy needs remain highly sensitive to the oil price.
The oil price is broadly firm amid tensions between the US and Iran over Tehran’s nuclear plans. Washington wants Iran to give up its intentions of building nuclear facilities, but the latter refuses to do so. US President Donald Trump has also warned of military action in Tehran if it doesn’t drop its nuclear program. Trump threatened Tehran through a post on Truth Social on Monday that it will be a very bad day for the country and its people if they don’t reach a deal.
The absence of a US-Iran deal could boost oil prices by escalating fears of disruption in the global oil supply, a scenario that will be unfavorable for the Indian Rupee.
On Friday, India’s Q4 GDP data is expected to show that the economy expanded at an annualized pace of 7.2%, slower than 8.2% growth seen in the third quarter of 2025.
Meanwhile, the US Dollar (USD) trades lower after US President Trump delivered the longest State of the Union (SOTU) speech in history. While speaking before a joint session of Congress, Trump applauded his economic achievements, called “tariffs” a key reason behind the economic turnaround, touted large tax cuts, criticized the Supreme Court’s recent ruling against his tariff policy, and praised the Venezuela action.
As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is down 0.2% to near 97.65.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Australian Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | INR | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | -0.19% | -0.22% | 0.02% | -0.15% | -0.63% | -0.01% | -0.12% | |
| EUR | 0.19% | -0.03% | 0.22% | 0.05% | -0.44% | 0.19% | 0.08% | |
| GBP | 0.22% | 0.03% | 0.27% | 0.07% | -0.41% | 0.20% | 0.10% | |
| JPY | -0.02% | -0.22% | -0.27% | -0.16% | -0.65% | -0.03% | -0.14% | |
| CAD | 0.15% | -0.05% | -0.07% | 0.16% | -0.48% | 0.13% | 0.03% | |
| AUD | 0.63% | 0.44% | 0.41% | 0.65% | 0.48% | 0.62% | 0.52% | |
| INR | 0.00% | -0.19% | -0.20% | 0.03% | -0.13% | -0.62% | -0.11% | |
| CHF | 0.12% | -0.08% | -0.10% | 0.14% | -0.03% | -0.52% | 0.11% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Broadly, the US Dollar trades stably amid firm speculation that the Federal Reserve (Fed) will leave interest rates unchanged in its monetary policy meetings in March and April. The Fed is unlikely to make any monetary policy adjustment in the near term, as price pressures have remained above the central bank’s 2% target for a longer period.
Technical Analysis: USD/INR holds above crucial 20-day EMA
USD/INR trades flat at around 91.00 as of writing. The pair holds marginally above the 20-day Exponential Moving Average, keeping a cautious bullish bias in place while upside momentum remains contained. Price action has stabilized after the early-month surge, and the flattening of the 20-day EMA reflects a moderating trend rather than an outright reversal.
The 14-day Relative Strength Index (RSI) continues to wobble inside the 40.00-60.00 range, demonstrating signs of volatility contraction.
Immediate support emerges at the 20-day EMA near 90.94, with a break below exposing the recent reaction low at 90.58 and then the February 3 low at 90.15 as deeper support. On the topside, initial resistance stands at the January 22 low of 91.35, followed by the January 28 low of 91.66.
(The technical analysis of this story was written with the help of an AI tool.)
