Top News

• Crude oil price hike hit hard
• The rate of rupee depreciation increased
• Market volatility due to FII selling

Rupee Falls Against Dollar: The Iran war has created tension in the Middle East i.e. West Asia. Due to this war, the oil reserves of the Gulf countries have been greatly damaged. In addition, the crisis in the Strait of Hormuz has deepened. As a result, the rupee has hit an all-time low against the US dollar. On Friday, the rupee fell by 108 paise to close at a record low of 93.71. This is the biggest one-day decline in the last four years. In the first three months of this year, the rupee has depreciated by 386 paise. This matter is not limited to war. The rupee has depreciated by more than 4 percent since January 1.

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Russian, Korean and Thai currencies have also fallen. On the other hand, the currencies of countries like China, Britain, Brazil have seen a boom. The Reserve Bank of India (RBI) has taken several steps to prevent the depreciation of the rupee. Since the beginning of March 2026, the rupee has depreciated by 266 paise to 93.71 per dollar from 91.05. This decline is not only a short-term but also a long-term concern. According to the data, the rupee has depreciated by 826 paisa since April 1, 2025, when the rate was 85.45 per dollar.

RBI impact limited According to market experts, the Reserve Bank of India has intervened to save the rupee. However, its impact has been limited in the face of global tensions. Given the fall in the rupee, the rupee may cross the 95 level. Given the fall in rupee, will it cross Rs 95? This is a big question. According to Goldman Sachs Chief India Economist Shantanu Sengupta, pressure on the current account deficit and the ‘net shot forward book’ will continue to weigh on the rupee. According to many analysts, the rupee may cross the 95 level in the next six months. According to statistics, the financial year 2025-36 has been the worst year for the rupee in the last decade. A bigger fall in history was seen only during the global financial crisis of 2008-09 (1058 paise).

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Oil fears increase pressure The Iran war has fueled crude oil prices. Brent crude prices crossed $112 per barrel. It had recently touched the $116 mark. Fears of oil prices staying above $100 for a prolonged period of time came under heavy pressure on the rupee. Since March 1, Foreign Institutional Investors (FIIs) have withdrawn around Rs 80,000 crore from the Indian stock market, as March marks the end of the financial year and demand for dollars in the market is high, leading to a further weakening of the rupee.