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Indian Rupee Falls to 91.29 Against Dollar Amid Rising Oil Prices and Middle East Tensions

The rupee weakened amid rising Brent crude prices up 3.91% and a stronger dollar, with foreign institutional investors offloading Rs 7,536 crore in equities, analysts said.

  • In early trade on Monday, the Indian rupee depreciated 21 paise to 91.29 at the interbank foreign exchange in Mumbai amid heightened global volatility.
  • After US and Israeli strikes on Iran, analysts said crude prices soared following attacks across Iran on Sunday and intensified after the killing of Iran's Supreme Leader.
  • Brent crude's jump coincided with a 3.91 per cent surge to 76.78 per barrel, the dollar index rising 0.22 per cent to 97.78, and the Sensex and Nifty falling sharply.
  • On Friday, foreign institutional investors offloaded equities worth Rs 76.78 crore, while RBI reserves dropped by USD 2.119 billion to USD 723.608 billion, raising vulnerability concerns.
  • On Friday, the rupee had already weakened, falling 17 paise to 91.08, while government data projects GDP growth at 7.6 per cent for the current fiscal.
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Dawn broke the news in Pakistan on Monday, March 2, 2026.
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