Rupee weakens in NDF, set to slip past 93 as oil surges; RBI steps up key tool

Mar 19, 2026 - 14:00
Rupee weakens in NDF, set to slip past 93 as oil surges; RBI steps up key tool

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

The Indian rupee plunged to a record low of 93.36 against the US dollar amid global market volatility and a strong dollar. The Reserve Bank of India has significantly ramped up its intervention using forward contracts, with its net-short dollar position nearing $100 billion. This stepped-up intervention aims to stabilize the rupee amidst renewed pressure on emerging market currencies.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0