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April 2, 2026, 05:39 PM - 3 min read
The Indian rupee recorded one of its steepest single-day gains in recent years on Thursday, appreciating by 156 paise to close at 93.14 (provisional) against the US dollar, after the Reserve Bank of India introduced a series of measures to curb banks’ activity in onshore forward markets.
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March 30, 2026, 06:49 PM - 3 min read
The Indian rupee briefly breached the 95-per-US-dollar level during intra-day trading on Monday before recovering slightly to settle at 94.78 (provisional), marking a gain of 7 paise against the US dollar.
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March 30, 2026, 11:35 AM - 2 min read
The Central Bank directed banks to limit their net open position (NOP-INR) in the foreign exchange market to $100 million, with compliance required by April 10. Investors said the rupee opened stronger as banks, which generally hold long positions, began cutting their exposure in the onshore currency market following the RBI directive.
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March 27, 2026, 09:48 AM - 2 min read
On Friday, the rupee fell to 94.15 against the dollar, shattering the previous all-time low of 93.98 hit earlier this week. The currency has depreciated by nearly 3.5 per cent since the start of the conflict in Iran over a month ago.
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March 25, 2026, 07:50 PM - 2 min read
Despite declines in global crude oil prices, a weaker greenback and positive sentiment in domestic equity markets, the local currency remained under pressure, forex traders said.
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March 23, 2026, 12:21 PM - 2 min read
Sustained foreign fund outflows and a sharp crash in domestic and regional equity markets in early trade added further pressure on the local currency, forex traders said.
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March 20, 2026, 11:02 AM - 3 min read
The rupee’s struggle is further being fueled by a large outflow of funds from foreign institutional investors, who are increasingly selling Indian stocks.
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March 17, 2026, 11:54 AM - 2 min read
The rupee had dived to an intraday low of 92.48 on March 16 but recovered to close at 92.42 the previous day. Traders attributed the rebound to aggressive dollar-selling by the RBI.
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March 13, 2026, 10:36 AM - 2 min read
Crude oil prices have remained elevated due to the ongoing closure and heightened tensions in the Strait of Hormuz, which handles 20 per cent—or one-fifth—of global oil supply.
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March 12, 2026, 10:35 AM - 2 min read
LNG production in Qatar has also been reduced to just 25 per cent of normal levels after repeated drone and missile strikes from both Iran and Israel.
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March 6, 2026, 11:16 AM - 2 min read
As the conflict in Iran intensifies — with Iran having announced the indefinite closure of the Strait of Hormuz — the United States on Thursday provided a temporary 30-day waiver to allow Indian refiners to purchase Russian oil.
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February 27, 2026, 10:59 AM - 2 min read
The constant negative performance of the domestic market, which is under pressure amid rising AI challenges, has also weighed on sentiment.
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