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Dow Jones ends rangebound session near day's high as markets remain in wait-and-watch mode
Most of the other asset classes barely budged on Monday, with the US Dollar index remaining at 100, no significant price action seen in gold and silver, while crude oil prices continued to hover between the $110 to $112 a barrel mark, having recovered the initial losses on reports of a potential ceasefire.
INR regains momentum following RBI initiatives
The Indian rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculation and dampen volatility in the rupee. Though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb speculative positions and capped banks' net open positions at USD 100 million. Indian shares recovered from an early slide to end sharply higher on Monday after reports emerged that the United States and Iran are engaged in indirect negotiations to explore a potential 45-day truce that could lead to a more permanent resolution to the conflict.
Indian Rupee falls past 93/$ on crude volatility amid West Asia tensions
The domestic currency fell as much as 64 paise, or 0.69 per cent, to a record low of 93.28 against the US dollar on Friday, according to Bloomberg data
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.
INR crashes to new record low beyond 92.60 mark; Positive equities fail to cap losses
The Indian rupee crashed to fresh lifetime lows on Wednesday, weighed down by a stronger greenback and sustained FII outflows. The rupee slumped 27 paise to close at a record low of 92.67 (provisional) against the US dollar on Wednesday. Elevated crude oil prices in global markets amid intensifying conflict in West Asia further dampened sentiments. Indian shares ended higher for a third consecutive session but failed to cap losses in the counter. The Sensex rose 633 points to close at 76,704 and the Nifty gaining 197 points to settle at 23,778. At the interbank foreign exchange, the local unit opened at 92.42 against the greenback and traded in the range of 92.41-92.48 for most of the session before losing ground at the fag end to close at its record low.
INR settles at new lifetime low as soaring oil prices dampen sentiments
The Indian rupee declined 14 paise to settle at an all-time low of 92.42 (provisional) against the US dollar on Tuesday, pressured by rising crude oil prices and sustained outflow of foreign funds amid the West Asia crisis. A positive trend in domestic equity markets also helped the domestic currency at the lower level, even as investors remained watchful of the US Federal Reserve's interest rate decision. Indian stock markets closed significantly higher for the second consecutive session, driven by gains in auto and metal sectors despite volatility. The Sensex jumped 568 points (0.75%) to close at 76,071, while the Nifty 50 added over 172 points (0.74%) to end at 23,581, rebounding after recent sharp losses. At the interbank foreign exchange, the local unit opened at 92.35 and hit the lowest intra-day level of 92.47 against the greenback. The unit finally ended at a new lifetime low of 92.42.
INR hits fresh lifetime low of 92.47 during intraday moves
The Indian rupee ended the day almost flat on Monday to settle at 92.28 per dollar. The currency hit a fresh record low of 92.47 during intraday moves amid surging crude oil prices and incessant withdrawal of foreign funds triggered by geopolitical uncertainties. The local currency, however, resisted a sharp fall backed by a significant recovery in domestic equity markets amid hopes of the reopening of the Strait of Hormuz. Indian benchmark indices rebounded strongly, closing higher after a three-day slump. The BSE Sensex jumped by 938.93 points (1.26%) to settle at 75,502.85, while the NSE Nifty 50 gained 257.70 points (1.11%) to close at 23,408.80. At the interbank foreign exchange, the local unit opened at 92.44 and touched its lowest-ever intra-day level of 92.47 against the greenback during the session.
INR tumbles to new lifetime lows; Benchmark indices melt amid West Asia conflict and escalating oil prices
The Indian rupee slumped to close at a fresh record low of 92.37 (provisional) against the US dollar on Friday as crude oil prices crossed USD 101/barrel amid the raging West Asia conflict. A stronger greenback, heavy foreign fund outflows and sustained selling in the domestic equity markets further weighed on the rupee. At the interbank foreign exchange, the local unit opened at 92.33 and kept losing ground to hit a fresh intra-day low of 92.47 against the US dollar. It eventually settled at its lifetime low of 92.37 (provisional), down 11 paise from its previous close. Indian shares plunged on Friday to extend their recent string of losses as oil prices climbed back above $100 a barrel amid an ongoing conflict in West Asia involving Iran, Israel and the United States. The Sensex dropped by 1,470 points to close at 74,563, while the Nifty 50 fell 488 points, settling at 23,151.
Global markets entering change of eras, but India ticking boxes for FII return: Mirae's Swarup Mohanty
Structural shifts in the dollar, oil markets and global geopolitics are reshaping investor sentiment, says Mirae Asset’s Swarup Mohanty. But improving earnings, stabilizing currency and strong growth could set the stage for foreign investors to return to India.
Rupee at 100 vs US dollar - Can US-Iran war, surging crude oil prices push domestic unit to three-digit mark next week?
The Indian Rupee fell to a record low of 92.44 against the US Dollar due to rising oil prices, geopolitical tensions, and foreign fund outflows. Domestic stocks also declined sharply, contributing to currency pressures and inflation concerns, with experts warning of potential further depreciation.
Mirae Asset merges Sharekhan lending unit to consolidate NBFC operations
Mirae Asset Financial Services (India) merged with Mirae Asset Sharekhan Financial Services on March 11, enhancing their digital retail and high-value secured lending solutions.
Oil price shocks: Rupee falls to new intraday low of ₹92.37 a dollar
Currency weakens to a fresh intra-day low as oil prices surge amid West Asia tensions, with RBI stepping in through dollar sales to limit volatility