•The rupee strengthened by 11 paise to 90.84 against the dollar in early trade on February 26.
•The gain is attributed to a softer dollar and likely intervention by the Reserve Bank of India (RBI) to prevent the rupee from falling below 91 per dollar.
•RBI reportedly sold dollars in both spot and forwards markets to support the local currency.
•Importers, particularly oil companies, have been buying dollars due to high Brent crude prices exceeding $70 per barrel.
•Investors are awaiting clarity on changes to the US tariff structure, which has caused market confusion after a Supreme Court ruling.
