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The rupee dropped 23 paise to adjacent astatine 93.76 against the U.S. dollar connected Tuesday (March 24, 2026) arsenic a strengthening greenback against large crosses and elevated planetary crude prices spooked investors.
Foreign money outflows amid uncertainties implicit the West Asia situation further weighed connected the section unit, Forex traders said.
At the interbank overseas exchange, the section portion opened astatine 93.66 against the greenback and remained volatile passim the session. It yet settled astatine 93.76, down 23 paise from its erstwhile close.
The rupee breached the 94-level against the U.S. dollar for the archetypal clip connected Monday (March 23, 2026), earlier closing level astatine 93.53.
"Persistent FPI outflows proceed to unit INR. A beardown US dollar is keeping emerging marketplace currencies weak, and the INR has weakened by astir 4.5 per cent during the month. The rupee scope for Wednesday is expected to beryllium 93.65 to 94.25," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
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 the 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 and continued hostilities successful the portion created uncertainty, pushing up planetary crude lipid prices. The dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.23 per cent higher astatine 99.18.
Brent crude, the planetary lipid benchmark, was trading 1.45% little astatine $101.4 per tube successful futures trade.
On the home equity marketplace front, the Sensex roseate sharply by 1,372.06 points, oregon 1.89%, to 74,068.45, portion the Nifty was up 209.65 points, oregon 0.93%, to 22,722.30.
Foreign organization investors sold equities worthy ₹8,009.56 crore connected a nett ground connected Tuesday (March 24, 2026), according to speech data.
