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The rupee crashed to its all-time closing debased of 92.35 (provisional) against the U.S. dollar connected Monday (March 9, 2026), losing 53 paise during the session, arsenic planetary crude lipid prices saw a crisp spike, and the greenback strengthened amid worsening struggle successful West Asia.
Withdrawal of overseas funds amid aggravated selling successful home equity markets further pressured the rupee, forex traders said.
Also read: West Asia struggle lipid hike, marketplace absorption updates connected March 9, 2026
At the interbank overseas exchange, the rupee opened astatine 92.22 and roseate concisely to 92.15 but kept losing crushed done the league earlier yet settling astatine its all-time debased of 92.35 (provisional), down 53 paise from its erstwhile close.
The rupee depreciated 18 paise against the U.S. dollar connected Friday (March 6, 2026) to adjacent astatine 91.82 against the American currency.
“The rupee opened sharply lower, hitting a caller grounds debased of 92.35 connected anemic planetary markets and an overnight surge successful crude lipid prices. Oil prices surged astir 25% successful the Asian session. Strong dollar and FII outflows besides pressured the rupee,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.
“We expect the rupee to commercialized with a antagonistic bias connected anemic planetary marketplace sentiments and a beardown dollar amid geopolitical tensions successful the Middle East. However, immoderate involution by the cardinal slope whitethorn enactment the rupee astatine little levels,” helium said, adding that the USD-INR spot terms is expected to commercialized successful the scope of 92-92.80.
Brent crude, the planetary lipid benchmark, was trading higher by 15.18% astatine $106.8 per tube successful futures commercialized arsenic the warfare betwixt the U.S.-Israel and Iran intensified.
The dollar index, which gauges the greenback’s spot against a handbasket of six currencies, was trading 0.35% higher astatine 99.33.
On the home equity marketplace front, the Sensex plunged 1,352.74 points to settee astatine 77,566.16, portion the Nifty tumbled 422.40 points to 24,028.05.
Foreign organization investors sold equities worthy ₹6,030.38 crore connected a nett ground connected Friday (March 6, 2026), according to speech data.
Meanwhile, India’s forex reserves jumped $4.885 cardinal to an all-time precocious of $728.494 cardinal during the week ended February 27, the Reserve Bank said connected Friday (March 6, 2026).
