Rupee hits record intra-day low in early trade, falls 12 paise to 92.37 against US dollar

ReutersLast Updated: Mar 13, 2026, 10:18:00 AM IST

Synopsis

The Indian rupee hit a new all-time low against the dollar on Friday, driven by concerns over sustained high oil prices and the ongoing Middle East conflict. Despite a significant decline since the Iran war began, the rupee has shown resilience compared to other emerging markets due to interventions by the Reserve Bank of India.

The Indian rupee fell to a lifetime low on Friday on worries that sustained high oil prices would ‌heighten ⁠risks ⁠for India’s economy as the war in the Middle East rages on, injecting turbulence into global financial markets.

The rupee fell to 92.39 ⁠per dollar, ‌eclipsing its previous all-time low of 92.3575 ⁠hit in the previous session.

The currency has declined over 1% since the Iran war started but has fared better than some of its ‌emerging market peers on account of market interventions by the ⁠Reserve Bank of India.

Oil prices remained near the closely watched $100 per barrel level, up from around $70 before the Middle East conflict started.

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