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Even as rupee closed at 94.8 a dollar on Monday (March 30, 2026) after depreciating to an all time low of over 95 earlier in the day, Union Finance Minister Nirmala Sitharaman said that the rupee was “going fine” against the U.S. dollar compared with other emerging market currencies.
The rupee depreciated by more than ₹3 since March 2, 2026, when the pair was trading over 91. The Indian currency has depreciated by 4.1% since the commencement of the West Asia conflict on February 28, 2026, crossing ₹95 for the first time on Monday (March 30, 2026).
Published – March 30, 2026 10:08 am IST
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