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The rupee depreciated 21 paise to 91.29 against the U.S. dollar connected Monday (March 2, 2026), amid higher crude lipid prices, a beardown American currency and aggravated planetary volatility owed to the escalated Middle East tension.
Negative equity marketplace sentiment and monolithic withdrawal of overseas funds besides weighed connected the Indian currency, forex traders said.
At the interbank overseas exchange, the rupee opened astatine 91.23 and declined further to 91.29 against the greenback successful archetypal deals, trading 21 paise down from its erstwhile closing level.
On Friday (February 27, 2026), the rupee mislaid 17 paise to settee astatine 91.08 against the dollar. Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.22% higher astatine 97.78.
Brent crude, the planetary lipid benchmark, was up 3.91% astatine 76.78 per tube successful futures trade. Analysts said that crude prices soared aft the U.S. and Israel launched subject strikes against Iran.
In the latest strike, the U.S. and Israel forces pounded targets crossed Iran connected Sunday (March 1), dropping monolithic bombs connected the country's ballistic rocket sites and wiping retired warships. The onslaught was intensified aft the sidesplitting of Iran's Supreme Leader Ayatollah Ali Khamenei.
Experts accidental that India faces the hazard of a crisp summation successful its import measure with the rising crude prices successful the planetary market, arsenic the country's 85% substance request is met done imports.
On the home equity marketplace front, the Sensex tumbled 691.47 points oregon 0.85% to 80,595.72, portion Nifty tanked 240.95 points oregon 0.96% to 24,937.70 successful aboriginal trade.
On Friday (February 27), overseas organization investors offloaded equities worthy ₹7,536.36 crore, according to speech data.
According to the authorities information released connected Friday (February 27), pursuing a revamp of the GDP calculation framework, the country's economical maturation has been projected astatine 7.6% successful the currency fiscal.
The latest RBI information released connected Friday showed India's forex reserve dropped by $2.119 cardinal to $723.608 cardinal during the week ended February 20. The wide reserves had jumped by $8.663 cardinal to an all-time precocious of $725.727 cardinal successful the erstwhile reporting week.
