Mumbai, April 13: The rupee tumbled 52 paise to close at 93.35 against the US dollar on Monday as a breakdown in US‑Iran peace talks revived tensions in West Asia, drove crude oil prices higher and triggered a global rush into the dollar. Forex analysts said added uncertainty over the reopening of the Strait of Hormuz-after a US announcement to blockade Iranian ports-intensified foreign capital withdrawals from domestic equities, further weakening the currency.
At the interbank foreign exchange market the rupee opened at 93.30, oscillated between a low of 93.40 and a high of 93.25, and ended the session at 93.35, down 52 paise from Friday’s close of 92.83. Traders noted that the forex market will be closed on Tuesday on account of Baba Saheb Ambedkar Jayanti.
Anuj Choudhary, research analyst at Mirae Asset ShareKhan, said risk‑aversion after the failed talks weighed on the rupee, adding that the combination of rising crude oil prices and a stronger dollar put additional pressure on the currency.
The dollar index, which measures the greenback’s strength against a basket of six currencies, was up 0.32 percent at 98.75. Meanwhile, the Reserve Bank of India reported that the country’s foreign exchange reserves jumped by USD 9.063 billion to USD 697.121 billion in the week ended April 3, 2026; in the previous week to March 27 the overall reserves had fallen by USD 10.288 billion to USD 688.058 billion.
Market participants said geopolitical developments and crude price moves will remain key drivers for the rupee in the near term as investors monitor regional tensions and global risk sentiment. (PTI)
Original Source: https://theshillongtimes.com/2026/04/14/rupee-weakens-by-52-paise-to-settle-at-93-35-against-usd/
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Publish Date: 2026-04-14 05:34:00
