Rupee crashes 82 paise to settle at 93.71 against U.S. dollar

The rupee crashed 82 paise, or nearly 1%, to settle at an all-time low of 93.71 (provisional) against the U.S. dollar on Friday (March 20, 2026), weighed down by persistent foreign fund outflows and a steep rise in crude oil prices amid mounting geopolitical tensions.

Forex traders said the Indian rupee is under tremendous pressure as surging crude oil prices and a shift toward risk-aversion dented investor sentiments.