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Indian Rupee Gains 18 Paisa to 90.76 Amid Weaker US Dollar
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Rupee Jumps 18 Paise to 90.76 as Dollar Dips After US Supreme Court Scraps Trump Tariffs
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Moneycontrol
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23-02-2026, 10:20
Rupee Jumps 18 Paise to 90.76 as Dollar Dips After US Supreme Court Scraps Trump Tariffs
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The rupee rose 18 paise to 90.76 against the dollar after the US Supreme Court struck down Trump's emergency tariffs.
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The American Supreme Court on February 20 ruled Trump’s tariffs unconstitutional, stating they exceeded federal power.
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Trump responded by signing an executive order imposing a 15 percent duty on all trading partners under Section 122 of the Trade Act of 1974.
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These new tariffs will remain for 150 days unless Congress extends them, complicating the situation for emerging market currencies.
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Importers are hedging positions, and RBI is expected to intervene to prevent depreciation towards the 91 rupee level.
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