The Indian rupee hits an all-time low of 94.24 against the USD. Check the latest impact on Sensex, Nifty, and inflation trends. Read our full market analysis here.
Mumbai: The Indian rupee crashed 33 paise to a fresh all-time low of ₹94.24 against the US dollar in early trade on Friday, as elevated oil prices and a stronger greenback added pressure amid ongoing geopolitical tensions in West Asia.
Forex traders said the local unit faced further stress due to a heavy sell-off in domestic equities and continued foreign institutional investor (FII) outflows.
At the interbank foreign exchange, the rupee opened at ₹94.18 and weakened further to ₹94.29 against the US dollar.
On Wednesday, the rupee had already slumped 20 paise to close at ₹93.96, while markets remained closed on Thursday for Ram Navami.
The Sensex fell 926.92 points to 74,346.53, and the Nifty dropped 280.95 points to 23,025.50 in early trade on Friday, reflecting investor caution amid global uncertainties.
Why the rupee is weak?
Brent crude prices surged above USD 105.75 per barrel before easing to USD 107.1 in futures trade.
The US dollar index, which measures the greenback against a basket of six major currencies, rose 0.08% to 99.67, adding strength to the dollar.
Elevated oil prices and a stronger dollar put additional pressure on India’s import-dependent economy.
“With Brent oil prices again going past USD 105.75 per barrel, and the dollar index rising towards 100, the rupee opened weak,” said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors LLP.
Foreign institutional investors sold equities worth ₹1,805.37 crore on Wednesday, further impacting domestic currency and market sentiment.
Bhansali added, “Brent oil was up to USD 107.50 per barrel but fell after US President Donald Trump postponed strikes on Iranian power plants by 10 days.”
What this means for India
- Higher crude prices may impact fuel costs and inflation.
- Imports become costlier, affecting businesses reliant on overseas purchases.
- A weaker rupee could also impact travellers and companies with foreign currency exposure.
Published: 27 Mar 2026, 09:57 am IST
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