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The Economic Times

Business / The Economic Times

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Rupee sinks to fresh all-time low, breaches crucial 95 vs USD mark for first time

The Indian rupee faced pressure on Monday. Corporates exploited arbitrage opportunities between onshore and non-deliverable forward markets. This emerged after the Reserve Bank of India tightened banks' forex positions. The rupee hit a record low against the US dollar. Importers also contributed to the currency's decline. This situation created attractive trading windows for businesses.

30 Mar 2026 3:11 pm