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On Friday (March 20, 2026), the rupee plummeted by 60 paise to an intraday low of 93.49 towards the US greenback because the US greenback strengthened additional and FII outflows continued unabated amid the West Asian battle.
Foreign exchange merchants stated rising world oil costs had been placing additional strain on the native sector, including that even optimistic momentum within the home inventory market couldn’t stop the collapse.
Solutions that world oil costs might attain $180 per barrel additionally weighed on sentiment.
In interbank international alternate, the native forex opened at $92.92 towards the greenback, and shortly broke by means of the $93 mark for the primary time. The native unit continued to underperform and was buying and selling at 93.49, down 60 paise from its earlier shut.
The rupee depreciated by 49 paise to shut at an all-time low of 92.89 towards the US greenback on Wednesday (March 18, 2026). The international alternate market was closed on Thursday (March 19) attributable to Gudi Padwa.
The greenback index, which measures the greenback’s energy towards a basket of six currencies, was buying and selling 0.17% larger at 99.40.
Brent crude, the worldwide oil benchmark, was buying and selling 0.79% decrease at $107.8 per barrel in futures buying and selling.
In home inventory markets, the Sensex rebounded from Thursday’s selloff and rose 442.88 factors or 0.60% to 74,650.12, whereas the Nifty rose 146.65 factors or 0.64% to 23,148.80.
International institutional traders bought shares value Rs 7,558.19 crore on a internet foundation on Thursday, in accordance with alternate information.
