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Rupee strengthens against dollar as crude prices cool off

10 Mar 2026 Evaluate

Indian rupee has strengthened against the U.S. dollar on Tuesday as global crude oil prices cooled off to trade below $92 per barrel mark. The fall in crude oil prices came after US President Donald Trump said he was considering seizing control of the Strait of Hormuz and hinted that the West Asia conflict could over soon. Meanwhile, marking importance of Free Trade Agreements (FTAs) in expanding opportunities for India’s MSMEs, Union Minister of State for Commerce and Industry and Electronics and Information Technology, Jitin Prasada has said that recent FTAs with regions including the European Union, the United Kingdom, Australia, New Zealand and other major markets give Micro, Small and Medium Enterprises (MSMEs) access to major developed markets. On the global front, Japanese Yen has weakened against the U.S. dollar on Tuesday, despite the revised data showing the Japanese economy grew sharply in the fourth quarter of 2025.

Finally, the rupee ended at 91.85 (Provisional), strengthened by 36 paise from its previous close of 92.21 on Monday. The currency touched a high and low of 92.19 and 91.71 respectively.

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