Rupee hits record low of 92.45 against dollar
after close1 source ↓written by the desknot a recommendation
- against the dollar
- ₹92.45
- the dollar
- 13 Mar 2023
- per barrel
- $100
- and closed
- ₹92.35
- in the previous
- ₹92
The rupee fell to a new low of ₹92.45 against the dollar on 13 Mar 2023, driven by fragile investor sentiment and Brent crude prices exceeding $100 per barrel. The Reserve Bank of India is actively intervening to stabilize the currency, but traders suggest it may allow further depreciation if oil prices remain high.
• Rupee opened at ₹92.35 and closed at ₹92 in the previous session.
• Ongoing geopolitical tensions could push the USD/INR pair towards ₹92.50–92.80 in the near term.
Not investment advice. For informational purposes only.