The Indian rupee hovered around 92.45 per dollar, trading near record lows, pressured by elevated crude prices and sustained foreign equity outflows. Oil prices remain high after surging since the Iran conflict began in late February, as military disruptions and risks to major oil shipping routes stoke global energy concerns. Persistently high energy costs have increased dollar demand from importers, widening India’s trade deficit and creating a material terms-of-trade shock. Investor sentiment also stayed fragile, as overseas portfolio investors have withdrawn over $8 billion from Indian equities since the conflict began, coinciding with a more than 6% drop in the Nifty 50 so far this month, reducing foreign currency inflows and amplifying depreciation pressures amid firm US dollar strength. The Reserve Bank of India has intervened in FX markets to stabilize the currency near 92.50, helping limit further declines. Focus now shifts to the Federal Reserve, with rates likely steady.

The USD/INR exchange rate rose to 92.6250 on March 18, 2026, up 0.25% from the previous session. Over the past month, the Indian Rupee has weakened 1.74%, and is down by 7.32% over the last 12 months. Historically, the USDINR reached an all time high of 93.09 in March of 2026. Indian Rupee - data, forecasts, historical chart - was last updated on March 18 of 2026.

The USD/INR exchange rate rose to 92.6250 on March 18, 2026, up 0.25% from the previous session. Over the past month, the Indian Rupee has weakened 1.74%, and is down by 7.32% over the last 12 months. The Indian Rupee is expected to trade at 92.44 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 90.96 in 12 months time.



Crosses Price Day Year Date
USDINR 92.5890 0.1945 0.21% 7.28% Mar/18
EURINR 106.5688 -0.0536 -0.05% 12.48% Mar/18
GBPINR 123.3430 -0.0545 -0.04% 9.59% Mar/18
AUDINR 65.6809 0.0346 0.05% 19.71% Mar/18
NZDINR 54.1489 0.0334 0.06% 7.51% Mar/18
INRJPY 1.7205 -0.0004 -0.02% -0.22% Mar/18
INRCNY 0.0744 -0.0001 -0.18% -10.94% Mar/18
INRCHF 0.0085 0.00001 0.17% -16.00% Mar/18
INRCAD 0.0148 0.000002 0.01% -10.28% Mar/18
INRMXN 0.1906 -0.0005 -0.29% -17.19% Mar/18
INRARS 15.1197 -0.0172 -0.11% 22.74% Mar/17
INRBRL 0.0564 -0.0003 -0.46% -13.95% Mar/17
INRCZK 0.2299 -0.0006 -0.25% -13.16% Mar/17
INRDKK 0.0703 -0.0001 -0.17% -10.85% Mar/17
INRHUF 3.6733 -0.0009 -0.02% -12.60% Mar/17
INRIDR 183.7603 -0.1045 -0.06% -2.64% Mar/17
INRKRW 16.1342 -0.0124 -0.08% -3.15% Mar/17
INRMYR 0.0424 -0.0002 -0.43% -17.27% Mar/17
INRRUB 0.8873 0.0038 0.43% -7.86% Mar/17
 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 Feb 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
92.63 92.39 93.09 0.01 1973 - 2026 Daily

News Stream
Indian Rupee Hovers Near Record Low
The Indian rupee hovered around 92.45 per dollar, trading near record lows, pressured by elevated crude prices and sustained foreign equity outflows. Oil prices remain high after surging since the Iran conflict began in late February, as military disruptions and risks to major oil shipping routes stoke global energy concerns. Persistently high energy costs have increased dollar demand from importers, widening India’s trade deficit and creating a material terms-of-trade shock. Investor sentiment also stayed fragile, as overseas portfolio investors have withdrawn over $8 billion from Indian equities since the conflict began, coinciding with a more than 6% drop in the Nifty 50 so far this month, reducing foreign currency inflows and amplifying depreciation pressures amid firm US dollar strength. The Reserve Bank of India has intervened in FX markets to stabilize the currency near 92.50, helping limit further declines. Focus now shifts to the Federal Reserve, with rates likely steady.
2026-03-16
Indian Rupee Extends Losses
The Indian rupee fell to around 92.45 per dollar, extending losses for another session after hitting a fresh record low, as escalating tensions in the Middle East boosted demand for the US dollar and stoked concerns over oil supply. Brent crude hovered near $100 a barrel after a volatile week, while West Texas Intermediate stayed near $95. The surge followed Mojtaba Khamenei’s first comments since succeeding his father, pledging to keep the Strait of Hormuz closed, a key route for global crude and natural gas. In India, investors assessed the latest inflation data, showing consumer prices rising 3.21% year-on-year in February 2026, up from 2.74% in January, marking the fastest pace in 11 months. Rising inflation and crude prices from the Strait of Hormuz may prompt the Reserve Bank of India to tighten or maintain a cautious interest rate stance to curb inflation while supporting growth.
2026-03-12
Rupee Recovers After Hitting Record Low
The Indian rupee held around 91.9 per dollar, recovering modestly from a record low in the previous session as the Reserve Bank of India stepped up measures to stabilize financial markets. The RBI has remained active in foreign-exchange markets, with estimates suggesting it may have sold $18 billion–$20 billion last week alone. The central bank has also used buy-sell swaps to replenish liquidity and support market stability. However, the recovery faced headwinds from fluctuating crude prices and persistent foreign outflows from Indian equities. Although brent crude has eased to around $88 per barrel from earlier peaks near $120 during the height of supply disruption fears. Adding to the pressure, foreign investors have continued trimming their exposure to Indian stocks, withdrawing nearly $4 billion so far this month.
2026-03-10