The Indian rupee fell to around 94.4 per dollar, hitting a record low, as mixed signals on Middle East diplomacy left investors uncertain. A temporary easing of risks came with Washington extending its pause on strikes against energy infrastructure by 10 days until early April, slightly stabilizing oil markets, though markets remain wary amid ongoing tensions. Markets also factored in expectations that the Reserve Bank of India would keep its key repo rate steady at 5.25% on April 8 and maintain this stance at least until mid-2027. Losses were partially limited after Iran allowed India and several other “friendly nations” to continue using the strategic Strait of Hormuz for commercial shipping, easing concerns over potential LPG and petrol supply disruptions.

The USD/INR exchange rate rose to 94.6720 on March 27, 2026, up 0.48% from the previous session. Over the past month, the Indian Rupee has weakened 3.37%, and is down by 10.67% over the last 12 months. Historically, the USDINR reached an all time high of 99.82 in March of 2026. Indian Rupee - data, forecasts, historical chart - was last updated on March 29 of 2026.

The USD/INR exchange rate rose to 94.6720 on March 27, 2026, up 0.48% from the previous session. Over the past month, the Indian Rupee has weakened 3.37%, and is down by 10.67% over the last 12 months. The Indian Rupee is expected to trade at 94.69 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 93.09 in 12 months time.



Crosses Price Day Year Date
USDINR 94.7061 0.4903 0.52% 10.71% Mar/27
EURINR 108.9116 0.3035 0.28% 17.57% Mar/27
GBPINR 125.5105 -0.0848 -0.07% 13.43% Mar/27
AUDINR 64.9772 0.0899 0.14% 20.83% Mar/27
NZDINR 54.3484 0.0801 0.15% 11.15% Mar/27
INRJPY 1.6888 -0.0074 -0.44% -3.60% Mar/27
INRCNY 0.0731 -0.0004 -0.50% -14.02% Mar/27
INRCHF 0.0084 0.000003 0.03% -18.02% Mar/27
INRCAD 0.0147 -0.00004 -0.26% -12.27% Mar/27
INRMXN 0.1911 0.0007 0.35% -19.75% Mar/27
INRARS 14.4397 -0.0786 -0.54% 15.45% Mar/27
INRBRL 0.0554 -0.0002 -0.29% -17.33% Mar/27
INRCZK 0.2250 -0.0007 -0.30% -16.60% Mar/27
INRDKK 0.0685 -0.0003 -0.46% -15.07% Mar/27
INRHUF 3.5723 0.0019 0.05% -17.65% Mar/27
INRIDR 179.2676 -0.3945 -0.22% -7.41% Mar/27
INRKRW 15.9491 -0.0561 -0.35% -6.76% Mar/27
INRMYR 0.0424 -0.00002 -0.05% -18.08% Mar/27
INRRUB 0.8596 -0.0041 -0.48% -12.84% Mar/27
 Currencies
 INR...
 ...INR



Related Last Previous Unit Reference
India Inflation Rate 3.21 2.74 percent Feb 2026
United States Inflation Rate 2.40 2.40 percent Feb 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
India Interest Rate 5.25 5.25 percent Feb 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
India Unemployment Rate 4.90 5.00 percent Feb 2026

Indian Rupee
The USDINR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the INR. While the USDINR spot exchange rate is quoted and exchanged in the same day, the USDINR forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
94.67 94.22 99.82 0.01 1973 - 2026 Daily

News Stream
Indian Rupee Slips to Record Low
The Indian rupee fell to around 94.4 per dollar, hitting a record low, as mixed signals on Middle East diplomacy left investors uncertain. A temporary easing of risks came with Washington extending its pause on strikes against energy infrastructure by 10 days until early April, slightly stabilizing oil markets, though markets remain wary amid ongoing tensions. Markets also factored in expectations that the Reserve Bank of India would keep its key repo rate steady at 5.25% on April 8 and maintain this stance at least until mid-2027. Losses were partially limited after Iran allowed India and several other “friendly nations” to continue using the strategic Strait of Hormuz for commercial shipping, easing concerns over potential LPG and petrol supply disruptions.
2026-03-27
Indian Rupee Steadies Near Record Low
The Indian rupee hovered just below 94 per dollar, steadying near record low levels, as oil prices pulled back on reports of a US ceasefire proposal to Iran. The move lifted risk sentiment around the Middle East conflict and tempered safe-haven demand for the dollar. However, gains remained limited as persistent foreign portfolio outflows and upcoming non-deliverable forward (NDF) and fiscal-year-end maturities continued to generate strong dollar demand. India’s reliance on oil imports, along with lingering concerns over damaged Gulf energy infrastructure, kept underlying pressures elevated, while Reserve Bank of India intervention after earlier support of $16–18 billion left the rupee more exposed to external shocks. Investors continue to watch crude price swings, foreign flows, and geopolitical developments. The market is closed today for Ram Navami and is set to reopen tomorrow, Friday.
2026-03-25
Indian Rupee Extends Decline
The Indian rupee weakened past 93.5 per dollar, extending its decline after touching historic lows, as sustained outflows continued to pressure the currency. Foreign portfolio investors accelerated their retreat, pulling more than $11 billion from Indian equities and debt markets in March, the sharpest monthly outflow since October 2024. Some of that strain eased after US President Donald Trump signaled a temporary halt to potential strikes on Iran’s energy infrastructure, opening space for brief diplomatic engagement and easing immediate fears of escalation. Oil markets responded by stabilizing, with Brent crude oil holding near $102 per barrel, although prices remain elevated following a strong rally driven by ongoing supply concerns. Market participants are now awaiting preliminary purchasing managers’ index data for further insight into economic activity.
2026-03-23