US EditionRupee falls 31 paise to 92.32 against U.S. dollar
The rupee hit a record low of 92.32 per dollar due to foreign investor outflows and a 9.94% rise in Brent crude oil prices amid West Asia conflict.
- On Thursday | March 12, 2026, the rupee slid 20 paise to 92.32 in early trade after opening around 92.25, traders said.
- The escalation in West Asia pushed global oil higher, with Brent crude climbing to around $100–$101 per barrel as Iran increased attacks, lifting oil risk premia.
- Anil Kumar Bhansali said the Reserve Bank was protecting 92.00 levels yesterday and may protect 92.30 today, while a weak start to domestic equity markets weighed on the rupee.
- On Thursday, March 12, 2026, the rupee breached its previous record low of 92.34 after closing at 91.8 on Tuesday, Reuters reported.
- Strategic shipping risks matter because about 20% of global petroleum liquids consumption traverses the Strait of Hormuz, and escalating tensions raise fears of disruption, while Tehran warns oil could reach $200 per barrel.
15 Articles
15 Articles
Times of India
The Economic TimesRupee hits record low of 92.35 vs dollar as oil surge pummels Asian assets
The Indian rupee hit a new lifetime low against the dollar on Thursday, driven by surging oil prices due to energy supply disruptions. This economic risk for energy importers saw the rupee fall to 92.3575 per dollar. Central bank intervention helped to curb further losses.
Crude Oil Near $100: Indian Rupee Hits Record Low Against Dollar
The Indian Rupee plunged to its historic low against the US Dollar on Thursday, driven by escalating geopolitical tensions in the Middle East and a sharp surge in global crude oil prices, while the volatility in the international energy market has placed significant pressure on the domestic currency, leading to a record depreciation during the interbank foreign exchange trading session. While the Rupee managed to recover some of its losses in th…
Rupee Hits Record Low of ₹92.36 as Oil Crosses $100 Barrier - Business League
The Indian economy is facing a “perfect storm” of geopolitical and fiscal pressures. On Thursday, March 12, 2026, the Indian Rupee breached the psychological barrier of 92, settling at a record low of ₹92.36 against the US Dollar. The slide comes as the conflict in West Asia escalates into the energy sector, with targeted attacks on tankers in the Gulf directly threatening India’s vast import requirements. As the US-Israel-Iran confrontation ent…
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