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(07/04/2026 16:07)

Rupee weakens to close at 93.00 against US Dollar

The Indian rupee depreciated by 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, amid cautious investor sentiment.

The currency remained under pressure due to continued foreign fund outflows, a strong dollar, and elevated crude oil prices in a volatile geopolitical environment.

Market participants are also closely tracking developments around Donald Trump’s deadline on the Strait of Hormuz and the upcoming Reserve Bank of India’s monetary policy decision, which could influence further movement in the rupee.

Forex traders indicated that the USD/INR pair remains vulnerable, with investors staying alert to both geopolitical developments and policy cues.
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