Rupee Holds Near Record Lows Despite Equity Recovery, RBI Support

Authored By HDFC SKY | Last Modified: Mar 16, 2026 04:51 PM IST

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The Indian Rupee commenced the week on a constructive note, buoyed by a recovery in domestic equities and a softening of the US Dollar against major global peers. While possible intervention by the Reserve Bank of India (RBI) has provided a critical floor for the local currency, the Rupee remains tethered near historic lows. This persistent pressure stems from sustained dollar demand among importers and the ongoing trend of foreign fund outflows.

For the upcoming sessions, one should be eyes on a spot USDINR with immediate resistance at 92.60 and a key support at 92.05.

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