Indian rupee has witnessed mild weakness against the U.S. dollar on Friday amid stronger US dollar ahead of release of U.S Consumer Price Index (CPI) inflation numbers. The growing predictions that the Federal Reserve would not lower interest rates anytime soon, have strengthen the American currency. Besides, investors rushed to safe haven assets as renewed concerns over impact of AI disruption dampened risk sentiment. Traders also reacted to the India’s retail inflation data for the month of January. The provisional data showed that all India CPI with base year 2024 stood at 2.75% for the month of January, 2026 over January, 2025. Corresponding inflation rates for rural and urban stood at 2.73% and 2.77%, respectively. On the global front, the Japanese Yen has strengthened against other major currencies as investors remained optimistic that Prime Minister Sanae Takaichi policies will boost the economy. 

Finally, the rupee ended at 90.66 (Provisional), weakened by 5 paise from its previous close of 90.61 on Thursday. The currency touched a high and low of 90.79 and 90.60 respectively.