The Indian rupee opened on a strong note on February 12, appreciating by 39 paise against the US dollar to trade at 86.4425. This marked a 0.36 percent gain, once again positioning the rupee as the best-performing currency in Asia for the second straight day.

On February 11, a likely intervention by the Reserve Bank of India (RBI) in the forex market propelled the rupee to outperform other Asian currencies. The Indian currency recorded an impressive 0.75 percent appreciation against the US dollar on that day, reinforcing its dominance in the region’s forex market. By the end of Tuesday’s trading session, the rupee settled at 86.8300 against the greenback.

The robust performance of the rupee underscores renewed investor confidence, potentially driven by proactive measures from the RBI. While external factors such as global market trends and foreign capital inflows continue to shape its trajectory, the Indian currency’s resilience signals positive sentiment among traders and investors alike.

Market analysts will keenly observe whether the rupee can sustain this momentum in the coming days, especially in the face of fluctuating global economic conditions. For now, India’s currency remains a standout performer in the Asian forex landscape.