Rupee falls 53 paise to close at all-time low of 92.35 against U.S. dollar
The Hindu
Rupee plunges to record low of 92.35 against the dollar amid foreign fund withdrawals and rising crude oil prices.
The rupee crashed to its all-time closing low of 92.35 (provisional) against the U.S. dollar on Monday (March 9, 2026), losing 53 paise during the session, as global crude oil prices saw a sharp spike, and the greenback strengthened amid worsening conflict in West Asia.
Withdrawal of foreign funds amid intense selling in domestic equity markets further pressured the rupee, forex traders said.
Also read: West Asia conflict oil hike, market reaction updates on March 9, 2026
At the interbank foreign exchange, the rupee opened at 92.22 and rose briefly to 92.15 but kept losing ground through the session before eventually settling at its all-time low of 92.35 (provisional), down 53 paise from its previous close.
The rupee depreciated 18 paise against the U.S. dollar on Friday (March 6, 2026) to close at 91.82 against the American currency.
“The rupee opened sharply lower, hitting a fresh record low of 92.35 on weak global markets and an overnight surge in crude oil prices. Oil prices surged around 25% in the Asian session. Strong dollar and FII outflows also pressured the rupee,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.
Asian central banks face tough choices on interest rates amid rising oil prices and the escalating Iran conflict, impacting growth and inflation.
G7 Finance Ministers to discuss coordinated emergency oil reserve release amid surging prices and market instability.
Crude prices surge to $100 as investors sell off, causing Indian stock markets to drop 3% amid geopolitical tensions.
The U.S. urges India to purchase Russian oil at sea to alleviate supply fears amid ongoing West Asia conflict.
China’s commerce ministry on Saturday raised the possibility of another global semiconductor supply chain crisis due to “new conflicts” between Dutch chipmaker Nexperia and its Chinese subsidiary.
Sony will face a £2 billion ($2.7 billion) class action lawsuit starting Tuesday in London, accused of allegedly breaching competition law by overcharging millions of UK PlayStation users.
Oil prices eclipsed $114 per barrel for the first time since 2022 on March 9, 2026 as the Iran war intensified. Stock markets and forex markets
Asian equities drop sharply as oil prices surge 30% amid escalating West Asia conflict, raising inflation and economic concerns.
India’s renewable energy sector is in the midst of an extraordinary build-out. Capacity targets are being met, investments are flowing in, and the country has positioned itself as a global clean-energy leader. But beneath these headline achievements lies a troubling operational reality. Take the example of Rajasthan, where more than 4,000 MW of fully commissioned renewable capacity is unable to evacuate power during peak hours, due to grid congestion.
India seeks alternative crude oil supplies from the U.S., Russia, and West Africa amid ongoing West Asia conflict.
Sindhu Gangadharan emphasizes the need for women’s leadership in AI to ensure ethical, inclusive, and impactful technology development.
Room air conditioner prices will rise 5-15% ahead of summer due to increased raw material costs and new energy norms.
Explore the significance of the Strait of Hormuz and its impact on global oil trade, especially for India amidst rising tensions.