Dollar vs Rupee: Rupee Hits Record Low, What's the Current Exchange Rate? The Numbers Are Disappointing!
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Rupee Hits Record Low: 1 Dollar Nears 94 Rupees Amidst Foreign Fund Outflow
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News18•20-03-2026, 16:24
Rupee Hits Record Low: 1 Dollar Nears 94 Rupees Amidst Foreign Fund Outflow
•Indian Rupee falls to an all-time low of 93.75 per dollar (provisional) on March 20, 2026, a drop of 86 paise.
•The decline is attributed to continuous outward flow of foreign funds, strong dollar position, and rising crude oil prices.
•Foreign Institutional Investors (FIIs) selling pressure and increased dollar demand from importers, especially oil companies, contributed to the fall.
•Economists warn of potential price increases for imported goods like fuel and electronics, impacting common people.
•RBI may intervene, but pressure on the rupee is expected to continue if international market conditions do not normalize.
