At the interbank overseas change, the native unit opened at 93.66 against the dollar and remained unstable all through the session. It ultimately settled at 93.76, down 23 paise from its earlier shut. File.
| Photo Credit: Reuters
The rupee dropped 23 paise to shut at 93.76 against the U.S. dollar on Tuesday (March 24, 2026) as a strengthening dollar against main crosses and elevated world crude costs spooked traders.
Foreign fund outflows amid uncertainties over the West Asia disaster additional weighed on the native unit, Forex merchants mentioned.
At the interbank overseas change, the native unit opened at 93.66 against the dollar and remained unstable all through the session. It ultimately settled at 93.76, down 23 paise from its earlier shut.
The rupee breached the 94-level against the U.S. dollar for the primary time on Monday (March 23, 2026), earlier than closing flat at 93.53.
“Persistent FPI outflows continue to pressure INR. A strong US dollar is keeping emerging market currencies weak, and the INR has weakened by about 4.5 per cent during the month. The rupee range for Wednesday is expected to be 93.65 to 94.25,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, mentioned.
Mr. Trump on Monday (March 23, 2026) mentioned the U.S. was speaking with a “respected” Iranian chief and claimed the Islamic Republic was anticipating a deal to finish the struggle.
He additionally prolonged the deadline for Iran to reopen the essential Strait of Hormuz or face assaults on its energy vegetation, saying it has an extra 5 days.
However, Iran’s denial of Mr. Trump’s claims and continued hostilities within the area created uncertainty, pushing up world crude oil costs. The dollar index, which gauges the dollar’s power against a basket of six currencies, was buying and selling 0.23 per cent larger at 99.18.
Brent crude, the worldwide oil benchmark, was buying and selling 1.45% decrease at $101.4 per barrel in futures commerce.
On the home fairness market entrance, the Sensex rose sharply by 1,372.06 factors, or 1.89%, to 74,068.45, whereas the Nifty was up 209.65 factors, or 0.93%, to 22,722.30.
Foreign institutional traders bought equities value ₹8,009.56 crore on a internet foundation on Tuesday (March 24, 2026), in accordance to change knowledge.
Published – March 24, 2026 08:43 pm IST