Rupee (INR) fell 3 paise to record low of 92.92 against US dollar in early trade, on Friday, March 20, intensifying losses caused by a disruption in global energy supplies due to the conflict in the Middle East, which risks disturbing the growth-inflation equilibrium for Asia’s third-largest economy.
The rupee today surpassed its earlier low of 92.63 experienced on Wednesday, March 18.
Analysts anticipate that the pressure on the rupee will probably persist in the short term, as concerns regarding the impact of rising oil prices have led foreign investors to withdraw more than $8 billion from domestic equities in March, marking the largest monthly exodus since January 2025.
