Rupee breaches 93 per US dollar for the first time amid US-Iran war, FII outflows
- Early interbank trade saw the rupee breach 93 to 93.08 after opening at 92.92 on March 20, 2026.
- Foreign institutional investors sold equities worth Rs 7,558.19 crore on Thursday as the West Asia conflict and elevated Brent crude prices increased pressure on the rupee.
- On the domestic market front, the Sensex rebounded 960.67 points to 75,167.91 and Nifty rose 311.50 points to 23,313.65, while forex markets were closed on Thursday for Gudhi Padwa.
- With the dollar gaining, the rupee looks vulnerable as the dollar index was trading 0.17 per cent higher at 100.25, amid the ongoing West Asia conflict.
- This week showed sustained currency stress after the rupee slumped 49 paise on Wednesday and then breached 93 in early trade, while Brent crude traded 1.64 per cent lower at USD 106.9 per barrel.
29 Articles
29 Articles
Rupee breaches 93 against dollar, the lowest on record
Mumbai: The rupee fell 19 paise to its record intra-day low of 93.08 against the US dollar in early trade on Friday, March 20, as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict. Elevated global crude oil prices put further pressure on the local unit, while a positive opening at the domestic equity markets cushioned against a sharper fall, according to forex traders. At the interbank for…
Rupee breaches 93/dollar for the first time, down 19 paise to 93.08 against US dollar in early trade
Elevated global crude oil prices put further pressure on the local unit, while a positive opening at the domestic equity markets cushioned against a sharper fal
Rupee breaches 93/dollar for the first time, down 19 paise to 93.08 against US dollar in early trade - The Tribune
The rupee fell 19 paise to its record intra-day low of 93.08 against the US dollar in early trade on Friday as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict.
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