Indian Rupee Hits New Record Low of 92.40 Against US Dollar, Drops 10 Paise

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Rupee Plunges to All-Time Low of 92.40 Against US Dollar Amid Oil Surge

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News18•16-03-2026, 16:00

Rupee Plunges to All-Time Low of 92.40 Against US Dollar Amid Oil Surge

•Rupee falls 10 paise, settling at a record low of 92.40 against the US dollar on Monday.
•Surging crude oil prices, foreign fund withdrawals, and geopolitical uncertainties fueled the decline.
•Domestic equity market recovery and hopes for Strait of Hormuz reopening cushioned a sharper fall.
•RBI intervened in FX markets to stabilize the currency; dollar index weakened slightly.
•FIIs sold equities worth Rs 10,716.64 crore on Friday; trade deficit narrowed to USD 27.1 billion in February.

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