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The rupee fell 20 paise to 93.73 against the U.S. dollar successful aboriginal commercialized connected Tuesday (March 24, 2026) arsenic the greenback strengthened and planetary crude lipid prices kept rising adjacent aft U.S. President Donald Trump signalled that negotiations were underway with Iran.
Mr. Trump connected Monday (March 23, 2026) said the U.S. was talking with a "respected" Iranian person and claimed the Islamic Republic was anxious for a woody to extremity the war. He besides extended a deadline for Iran to reopen the important Strait of Hormuz oregon look attacks connected its powerfulness plants, saying it has an further 5 days.
However, Iran's denial of Mr. Trump's claims created uncertainty, pushing up planetary crude lipid prices.
Heavy FII outflows further weighed connected the section portion portion a beardown commencement successful trading astatine the home equity markets cushioned against sharper losses, forex traders said.
At the interbank overseas exchange, the section portion opened astatine 93.66 against the greenback earlier slipping to 93.73, down 20 paise from its erstwhile close.
"The rupee which fell to its lowest yesterday astatine 93.98 (some commercialized did hap supra 94.00 levels also) recovered aft Trump said helium is postponing his onslaught connected powerfulness plants of Iran by 5 days aft talks with Iran, which Iran denied but inactive marketplace believed successful him and rallied," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
"The rupee has been susceptible owed to the emergence successful lipid prices. RBI was contiguous astir 93.95 to 93.98 levels and whitethorn beryllium contiguous present to support a tab connected the rupee which continues to beryllium vulnerable," helium added.
The dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.42% higher astatine 99.36.
Brent crude, the planetary lipid benchmark, was trading 3.96% little astatine $103.9 per tube successful futures trade.
On the home equity marketplace front, the Sensex roseate 829.40 points, oregon 1.14%, to 73,525.79, portion Nifty was up 234.65 points, oregon 1.04%, to 22,747.30 successful greeting session.
Foreign organization investors sold equities worthy ₹10,414.23 crore connected a nett ground connected Monday (March 23, 2026), according to speech data.
