Rupee Hits Record Low at 93 Against Dollar

The rupee has slumped more than 2% since the US and Israel attacked Iran.

The Wire Staff

The rupee has slumped more than 2% since the US and Israel attacked Iran.

rupee hits record low at 93 against dollar

A person counts Indian rupee notes in Siliguri on February 25, 2026. Photo: PTI.

The rupee breached the 93 per dollar mark for the first time ever today, March 20.

The fall comes amidst spiking crude oil prices and a widening current account deficit which is already straining the Indian economy.

The rupee fell about 0.7% to reach 93.2750 against the US dollar. Earlier this week, it had reached its previous all-time low of 92.63 on March 18.

The rupee has slumped more than 2% since the US and Israel attacked Iran.

Reuters has reported that the West Asian oil shock has prompted foreign investors to pull out more than $8 billion from Indian stocks this month in the largest outflow since January 2025.

This article went live on March twentieth, two thousand twenty six, at thirty-two minutes past eleven in the morning.

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