On March 30, the rupee fell 0.3% to 95.2 per dollar, breaking the 95 per dollar level for the first time. The rupee lost 4.4% of its value in relation to the US dollar during the March quarter. The rupee closed at a record low of 94.83 per US dollar, down from 94.81 per US…
Even if the macroeconomic foundations of the Indian economy are still solid, rising crude oil prices in the midst of the ongoing crisis in the Middle East have put further pressure on the rupee, Minister of State for Finance Pankaj Chaudhary told parliament on Tuesday. Up until March 17, 2026, the Rupee (INR) had lost…
As crude oil prices rose above $100 per barrel amid the conflict in West Asia, the rupee fell to a new low against the US dollar on Wednesday. According to Bloomberg data, the native currency finished the session at 92.63 against the dollar, down 24 paise, or 0.27%, from the previous close. According to dealers,…
On March 18, the Indian rupee hit its lowest point ever, prolonging a difficult period as the ongoing Middle East conflict kept oil prices high, increasing India’s economic risks and depleting capital flows. The rupee dropped from its previous low of 92.4750 per dollar last week to 92.62 per dollar. The price of Brent crude…
FII selling is gaining traction. Foreign institutional investors net sold Rs 9,365.52 crore on March 16, following a staggering Rs 10,716.64 crore on March 13. As a result, their March net sales have exceeded Rs 66,000 crore. They have already sold more than Rs 1 lakh crore so far in 2026. What is it signifying?…
On March 11, the rupee fell 14 paise at the opening, as sentiment was affected by volatile Brent crude and ongoing foreign-fund outflows. The Reserve Bank of India’s (RBI) aggressive dollar-selling strategy keeps the currency anchored and keeps it from falling below the 92 level. After closing the previous session at Rs 91.81, the rupee…
As crude rose above $100 per barrel on March 9, the rupee fell to a new low, ending at 92.34 against the US dollar. As crude surged above $115, the Reserve Bank of India (RBI) probably intervened forcefully to stop the rupee’s decline, according to traders. The currency closed the previous session at Rs 91.74…
On March 4, the Indian rupee hit a fresh low of Rs 92 per dollar as investors rushed to safe-haven assets amid rising oil prices due to geopolitical unrest in the Middle East. Compared to Rs 91.47 during the previous trading session, the local currency was trading at Rs 92.17 to the dollar. On March…
As traders remained on the sidelines ahead of the Reserve Bank of India’s (RBI) monetary policy meeting, the Indian rupee began slightly lower at 90.5200 on February 5. This was after it had recovered from its record lows reached in the previous sessions, which were triggered by the US-India trade pact. As of right now,…
On February 2, the day following the presentation of the Union Budget 2026, the Indian rupee opened higher as investor sentiment improved due to announcements concerning international institutional and portfolio investors. On February 1, The Finance Minister declared that the Portfolio Investment Scheme now allows non-Indian citizens to invest in stocks with increased quotas. This…
