Rupee falls 14 paise to 92.42 against U.S. dollar in early trade
The Hindu
The rupee declines 14 paise to 92.42 against the dollar amid rising crude prices and foreign fund withdrawals.
The rupee lost 14 paise and traded at 92.42 against the U.S. dollar in early deals on Tuesday (March 17, 2026), as it failed to resist pressure from rising crude oil prices and the incessant withdrawal of foreign funds amid the heightened West Asia crisis.
Subdued domestic equity markets and elevated American currency also weighed on the local unit even as investors moved cautiously, awaiting the interest rate decision of the U.S. Federal Reserve, according to forex traders.
At the interbank foreign exchange, the local unit opened at 92.35 and fell further to trade at 92.42 against the U.S. dollar, registering a 14-paise decline from its previous closing level.
The local unit ended Monday’s (March 16) session with a marginal gain of 2 paise at 92.28 against the dollar.
The rupee, one of the worst-performing Asian currencies, touched its lowest intra-day level of 92.47 at the end of the previous week before closing the session at 92.30 against the dollar, its lowest-ever closing level until Friday (March 13).
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.19% higher at 99.65.
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