2 months ago
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The rupee depreciated 31 paise to 92.32 against the U.S. dollar successful aboriginal commercialized connected Thursday (March 12, 2026), pressured by FII outflows, rising planetary crude lipid prices and a stronger greenback arsenic the struggle successful West Asia showed nary signs of relenting.
A anemic commencement to the league astatine the home equity markets further weighed connected the section unit, according to traders.
At the interbank overseas exchange, the rupee opened astatine 92.25 against the U.S. dollar and slipped further to 92.32, down 31 paise from its erstwhile close.
The section portion declined 16 paise to settee astatine 92.01 against the U.S. dollar connected Wednesday (March 11, 2026).
"Escalations of attacks astir the Strait of Hormuz and attacks connected neighbouring countries pushed lipid prices higher and the risk-off sentiment was supporting the dollar arsenic a harmless haven plus with prices of gold, on with silver, besides falling," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
"The Reserve Bank was protecting 92.00 levels yesterday (Wednesday) and whitethorn support 92.30 levels contiguous but the inclination of the rupee inactive seems weak," helium added.
The dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.24 per cent higher astatine 99.47.
Brent crude, the planetary lipid benchmark, was trading higher by 9.94 per cent astatine $101.12 per tube successful futures trade.data.
