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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.
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The Economic Times broke the news in on Thursday, March 19, 2026.
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