In relation to the US dollar, the Indian rupee opens 39 paise higher at 86.4425.

On February 12, the Indian rupee began strongly, rising 39 paise against the US dollar to 86.4425, or 0.36 percent, to become the best-performing currency in Asia for the second consecutive day. Due to a probable Reserve Bank of India (RBI) intervention in the foreign exchange market, the rupee outperformed other Asian currencies on February 11. The Indian rupee closed Tuesday at 86.8300 against the US dollar, up 0.75 percent against the US dollar on February 11 to become the leading currency in Asia. Read More: A shift in leadership at the RBI might not result in a shift in strategy in the currency market. The managing director of CR Forex Advisors, Amit Pabari, stated that the rupee will provide solid support following its significant rise. "A decisive close below 86.20 could trigger further downward momentum in the pair towards 85.80-85.50 levels," Pabari stated. Due to the implementation of new tariff proposals by US President Donald Trump, the Indian rupee fell to a new record low of 87.9563 versus the US dollar on February 10. The Indian rupee was the best-performing currency in Asia for the second day in a row in early trade on February 12, rising 39 paise to 86.4425 against the US dollar. The rupee outperformed other Asian currencies after closing at 86.8300 on February 11 with a 0.75% gain, and this robust bounce seems to be bolstered by a likely RBI intervention. Experts like Amit Pabari, Managing Director of CR Forex Advisors, caution that a strong finish below 86.20 might lead to more declines and possibly drive the rupee towards the 85.80–85.50 zone despite this encouraging momentum. This rebound follows a volatile time during which US President Donald Trump's latest tariff measures caused the rupee to plummet to a record low of 87.9563 on February 10, underscoring how susceptible the currency is to outside economic forces.