Reconstructing high-fidelity MR images from undersampled k-space data remains a challenging problem in MRI. While Mamba variants for vision tasks offer promising long-range modeling capabilities with linear-time complexity, their direct application to MRI reconstruction inherits two key limitations: (1) insensitivity to high-frequency anatomical details; and (2) reliance on redundant multi-directional scanning. To address these limitations, we introduce High-Fidelity Mamba (HiFi-Mamba), a novel dual-stream Mamba-based architecture comprising stacked W-Laplacian (WL) and HiFi-Mamba blocks. Specifically, the WL block performs fidelity-preserving spectral decoupling, producing complementary low- and high-frequency streams. This separation enables the HiFi-Mamba block to focus on low-frequency structures, enhancing global feature modeling. Concurrently, the HiFi-Mamba block selectively integrates high-frequency features through adaptive state-space modulation, preserving comprehensive spectral details. To eliminate the scanning redundancy, the HiFi-Mamba block adopts a streamlined unidirectional traversal strategy that preserves long-range modeling capability with improved computational efficiency. Extensive experiments on standard MRI reconstruction benchmarks demonstrate that HiFi-Mamba consistently outperforms state-of-the-art CNN-based, Transformer-based, and other Mamba-based models in reconstruction accuracy while maintaining a compact and efficient model design.