Rupee Slides to Fresh Record Low as USDINR Breaches 92.50

Authored By HDFC SKY | Last Modified: Mar 18, 2026 04:59 PM IST

Open Free Demat Account

The Indian rupee plunged to a fresh record low as a break below the 92.50 level sparked a sharp sell-off, exacerbated by thin dollar liquidity ahead of the bank holiday. Despite a backdrop of strong risk appetite and softer crude prices, the currency faced aggressive importer dollar demand.

With geopolitical tensions stoking fears of a wider trade deficit, year-end demand remains robust. We see USDINR facing resistance at 92.85, with support at 92.40.

Disclaimer

At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations

Disclaimer

At HDFC SKY*, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations.
HDFC SKY from HDFC Securities, one of most trusted trading platforms in India, has been recognized with the *Next-Gen Digi Content Awards 2025-26.

Markets