Indian Rupee Hits Record Low of 92.16 Against US Dollar

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Rupee Plunges to All-Time Low of 92.16 Against US Dollar Amid Iran Crisis

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News18•04-03-2026, 16:15

Rupee Plunges to All-Time Low of 92.16 Against US Dollar Amid Iran Crisis

•The rupee slumped 67 paise to close at an all-time low of 92.16 against the US dollar on Wednesday.
•Spiking crude oil prices, fueled by the Iran crisis and Middle East conflict, heavily weighed on the currency.
•Massive selling in domestic equity markets and withdrawal of foreign funds further dragged the Indian currency down.
•The dollar index crossed 98 levels, indicating a global risk-off situation.
•Brent crude rose to 82.46 per barrel, intensifying inflation and fiscal concerns for India, a major oil importer.

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