Rupee Slides to Fresh Record Low as USDINR Breaches 92.50

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

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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.

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