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Rupee hits all-time low against US dollar on Wednesday

04 Mar 2026 Evaluate

The Indian Rupee hit an all-time low against the US dollar on Wednesday, breaching the psychologically significant 92 mark followed by continuous selling pressure from foreign portfolio investors from the Indian capital markets. Foreign institutional investors offloaded equities worth Rs 3,295.64 crore on Monday, exchange data showed. Rupee weakened further by escalation of the US-Iran conflict and supply disruptions in the Strait of Hormuz that significantly boosted crude oil prices, and thereby raising concerns about India's import bill and inflation. A strong US dollar also leads to a depreciation of the rupee. The forex Market was closed on Tuesday on account of Holi.

The partially convertible currency is currently trading at 92.27, weaker by 78 paise from its previous close of 91.49 on Monday. The currency touched a high and low of 92.35 and 92.05 respectively.

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