2 months ago
1
The rupee declined 16 paise to settee astatine 92.01 (provisional) against the U.S. dollar connected Wednesday (March 11, 2026), weighed down by a crisp emergence successful planetary crude lipid prices and a stronger greenback arsenic the warfare successful West Asia raged on.
FII outflows and anemic sentiments successful the home equity markets further pressured the section unit, according to Forex traders.
At the interbank overseas exchange, the rupee opened astatine 91.92 against the U.S. dollar and traded successful the scope of 91.85-92.06 earlier settling astatine 92.01 (provisional), down 16 paise from its erstwhile close.
The rupee staged a beardown betterment from its grounds debased against the U.S. dollar connected Tuesday (March 10, 2026), gaining 36 paise to settee astatine 91.85.
"The rupee declined connected anemic home markets and overnight betterment successful crude lipid prices. Risk-off sentiments successful the planetary markets and FII outflows whitethorn proceed to measurement connected the rupee. Markets volition besides ticker retired for geopolitical developments successful West Asia, " Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.
"Traders whitethorn instrumentality cues from CPI information from the U.S.. USD-INR spot terms is expected to commercialized successful the scope of 91.70-92.40," helium added.
The dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.14% higher astatine 98.96.
Brent crude, the planetary lipid benchmark, was trading higher by 5.44% astatine $92.58 per tube successful futures trade.
On the home equity marketplace front, the Sensex tumbled 1,342.27 points to settee astatine 76,863.71, portion the Nifty plummeted 394.75 points to 23,866.85.
Foreign organization investors sold equities worthy ₹4,672.64 crore connected a nett ground connected Tuesday (March 10, 2026), according to speech data.
