The rupee continued its slide in the early trade on Monday, losing 41 paise to slump to a record low of 93.94 against the US dollar as the raging war in West Asia kept global crude oil prices elevated, and the greenback remained strong. ADVERTISEMENTAt the interbank foreign exchange, the local unit opened at 93.84 against the US dollar before sliding further to its record low of 93.94, down 41 paise from its previous close. The rupee went past 93 against the greenback for the first time on Friday and crashed 64 paise to eventually settle at an all-time low of 93.53. Brent crude, the global oil benchmark, was trading 0.60 per cent lower at USD 112.90 per barrel in futures trade. Meanwhile, India's forex reserves dropped USD 7.052 billion to USD 709.759 billion during the week ended March 13, the RBI said on Friday.

Source: The Telegraph March 23, 2026 04:39 UTC