Rupee closes at record low of 94.05 against U.S. dollar

The rupee slumped 29 paise to adjacent astatine a grounds debased of 94.05 (provisional) against the U.S. dollar connected Wednesday (March 25, 2026) arsenic dense FII outflows and simmering tensions successful West Asia kept investors connected the edge.

Even a driblet successful planetary crude lipid prices, weaker greenback, and affirmative sentiments successful the home equity markets could not supply immoderate respite to the section unit, forex traders said.

At the interbank overseas exchange, the section portion opened astatine 93.94 against the U.S. dollar and traded successful the scope of 93.86-94.08, earlier settling astatine an all-time debased of 94.05 (provisional), down 29 paise from its erstwhile close.

The rupee dropped 23 paise to adjacent astatine 93.76 against the U.S. dollar connected Tuesday (March 24).

“Markets were successful risk-on mode but the rupee was inactive getting sold against the dollar with the month-end request keeping the bids precocious contempt the banal markets moving up and dollar scale down. All hazard assets were up against the dollar arsenic markets were expecting immoderate statement to hap betwixt the 2 warring countries U.S.-Israel and Iran,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

“We expect the RBI to support the level of 94 successful the existent fiscal twelvemonth and perchance instrumentality it down to 93.30 to 92.80,” helium said, adding that the rupee is apt to commercialized successful the scope of 93.25-94.25.

The dollar index, which gauges the greenback’s spot against a handbasket of six currencies, was trading 0.17% little astatine 99.26.

Brent crude, the planetary lipid benchmark, was trading 4.33% little astatine $99.97 per tube successful futures trade.

On the home equity marketplace front, the Sensex surged by 1,205 points, oregon 1.63%, to 75,273.45 points, portion Nifty was up 394.05 points, oregon 1.72%, to 23,306.45.

Foreign organization investors sold equities worthy ₹8,009.56 crore connected a nett ground connected Tuesday (March 24), according to speech data.