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Rupee weakens marginally against dollar: Key triggers to watch
Indian rupee opens at 92.66 per dollar, slightly weaker as West Asia ceasefire uncertainty lifts oil prices, risk sentiment turns cautious, Asian currencies and US futures slip.
Iran war: IOC, BPCL, HPCL may have lost Rs 6/litre on diesel in Q4
State-run oil companies Indian Oil, BPCL, and HPCL incurred substantial losses on diesel sales in the fourth quarter. Petrol margins also saw a sharp decline. This was driven by a surge in crude oil prices, while domestic retail fuel prices remained unchanged. Higher LPG under-recoveries also impacted performance. Gross refining margins showed resilience.
INR slips back beyond Rs 93 per dollar mark amid volatile geopolitical situation; RBI in focus
The Indian rupee depreciated around 20 paise to close beyond Rs 93 mark against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. The USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Nevertheless, Indian shares recovered from an early slide to end notably higher on Tuesday as the clock ticked towards a deadline that U.S. President Donald Trump has set to bomb Iranian power plants if it does not open the Strait of Hormuz. Benchmark indexes Sensex and Nifty extended gains for a fourth consecutive session despite Trump describing a "significant proposal" received from Iran as "not good enough" and threatening to decimate Iran within four hours if it did not agree to a deal by Tuesday night. Moreover, market participants ...
INR regains momentum following RBI initiatives
The Indian rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculation and dampen volatility in the rupee. Though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative positions and capped banks' net open positions at USD 100 million. Indian shares recovered from an early slide to end sharply higher on Monday after reports emerged that the United States and Iran are engaged in indirect negotiations to explore a potential 45-day truce that could lead to a more permanent resolution to the conflict.
Rupee gains 10 paise at open; RBI curbs aid currency
Indian rupee opens stronger at 93 per dollar as RBI curbs speculation, recent measures support gains but rising oil and foreign outflows cap further upside.
Rupee gains nearly ₹2 to 93.02 per dollar on RBI action
Indian rupee jumps after RBI curbs currency speculation, traders unwind dollar bets, but high oil prices and weak flows keep risks for further weakness
Indian Oil FY26 update: Record refining, pipeline throughput drive volume growth
Indian Oil Corporation reported record refining and pipeline throughput in FY26, with petroleum product sales crossing 104 MMT, supported by strong growth in lubricants, petrochemicals and retail expansion.
Rupee breaches 93 mark against dollar for the first time
The Indian rupee weakened past 93 per dollar on March 20, 2026, amid high crude oil prices, foreign fund outflows, and a stronger dollar.
INR braces for new lows amidst elevated oil prices; Rs 93 per dollar mark in sight
The Indian rupee is extending sharp downside to hit fresh lifetime lows and is likely to soon breach crucial Rs 93 per dollar mark for the first time ever. INR opened at a new record low of Rs 92.92 per dollar but recouped some losses to hit 92.88 so far during the day. Elevated oil prices amid ongoing Middle East conflict is seen burdening the countrys trade deficit. Meanwhile, a slight reversal in dollar index from 100 mark and recovery in local equities after having crashed yesterday could help limit some sharp losses in the counter. The Indian stock market witnessed a massive crash on Thursday, 19 March 2026, with both benchmark indices plunging over 3% to record their steepest single-day fall in nearly two years. Pessimistic sentiments however continue to add pressure on the counter.
Rupee breaches 93 per US dollar for the first time amid US-Iran war, FII outflows
The Indian rupee fell to 93 per US dollar for the first time on March 20, exacerbated by Middle East conflicts impacting global energy supplies. Analysts predict continued pressure on the rupee, with over $8 billion withdrawn from domestic equities in March due to rising oil prices.
Crude oil surges above $119 amid Iran conflict, Gulf energy attacks raise supply fears
Crude prices surged past $119 a barrel as attacks on Gulf energy assets, including Qatar's LNG plants and Saudi Arabia's Yanbu refinery, intensified fears of prolonged market disruptions. Indian policymakers are preparing for a sustained supply crunch and higher energy prices, with refiners worried about absorbing rising costs amid government reluctance to approve retail fuel price hikes.
Indian rupee hits fresh record low as oil surge, strong dollar weigh - Investing.com India
Indian rupee hits fresh record low as oil surge, strong dollar weighInvesting.com India