Indian rupee remained flat against the U.S. dollar on Monday as tensions in West Asia weighed on risk sentiment. However, cool off in global crude oil prices supported the rupee. The brent crude oil prices retreated to trade near $103 per barrel after US President Donald Trump announced that US has agreed to pause attacks on Iranian energy sites for five days following the ‘very good and productive’ discussions between US and Iran. Meanwhile, the Ministry of Commerce & Industry in its latest data has showed that eight key infrastructure sectors’ output slowed to a three-month low of 2.3 per cent in February 2026 as compared to 3.4 per cent in the same month last year (February 2025). The slowdown in eight sectors’ growth was due to a contraction in the output of crude oil, natural gas, and refinery products. On the global front, the British pound has strengthened against the U.S. dollar on Monday after President Trump delayed US strikes on Iran.

Finally, the rupee ended at 93.53 (Provisional), remained unchanged from its previous close of 93.53 on Friday. The currency touched a high and low of 94.11 and 93.37 respectively.