Rupee breaches 93/dollar for the first time, down 19 paise to 93.08 against U.S. dollar

The rupee fell 19 paise to its record intra-day low of 93.08 against the U.S. dollar in early trade on Friday (March 20, 2026) as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict.

Elevated global crude oil prices put further pressure on the local unit, while a positive opening at the domestic equity markets cushioned against a sharper fall, according to forex traders.

At the interbank foreign exchange, the local unit opened at 92.92 against the greenback before breaching the 93-mark for the first time to trade at 93.08, down 19 paise from its previous close.

The rupee slumped 49 paise to close at a record low of 92.89 against the U.S. dollar on Wednesday (March 18, 2026).

Forex markets were closed on Thursday (March 19) on account of Gudhi Padwa. “The rupee looks vulnerable with the RBI the only one protecting it from further fall by selling dollars.

FPIs were sellers on Thursday (March 19) when Sensex and Nifty fell to a 21-month low,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.17% higher at 100.25.

Brent crude, the global oil benchmark, was trading 1.64 per cent lower at $106.9 per barrel in futures trade.