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The rupee continued its descent successful the aboriginal commercialized connected Monday (March 23, 2026), losing 41 paise to slump to a grounds debased of 93.94 against the US dollar arsenic the raging warfare successful West Asia kept planetary crude lipid prices elevated, and the greenback remained strong.
Sustained overseas money outflows and a clang astatine the home equity markets successful the greeting league further weakened the section unit, forex traders said.
At the interbank overseas exchange, the section portion opened astatine 93.84 against the US dollar earlier sliding further to its grounds debased of 93.94, down 41 paise from its erstwhile close.
The rupee went past 93 against the greenback for the archetypal clip connected Friday and crashed 64 paise to yet settee astatine an all-time debased of 93.53.
"The autumn successful rupee was precise large considering that India is present paying USD 50 much connected crude it imports from the Gulf per barrel. The Reserve Bank of India (RBI) was contiguous astatine assorted levels but it lone allowed the rupee to autumn arsenic request for dollars was precise high," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
"Expectation is that the RBI whitethorn measurement successful to power further depreciation but the request from lipid and FPIs volition proceed to stay high," Bhansali said.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.02 per cent higher astatine 99.66.
Brent crude, the planetary lipid benchmark, was trading 0.60% little astatine $112.90 per tube successful futures trade.
On the home equity marketplace front, the Sensex slumped 1,306.27 points, oregon 1.75%, to 73,226.69, portion Nifty was down 418.25 points, oregon 1.81%, to 22,696.25.
Foreign organization investors sold equities worthy ₹5,518.39 crore connected a nett ground connected Friday (March 20), according to speech data.
Meanwhile, India's forex reserves dropped $7.052 cardinal to $709.759 cardinal during the week ended March 13, the RBI said connected Friday (March 20, 2026).
