Dollar vs Rupee: Falling rupee breaks all records, price of $1 crosses ₹95; Know why Indian currency is falling

US Dollar vs Indian Rupee: The Indian rupee on Monday crossed the record level of 95 for the first time and made a new all-time low of 95.2 against the US dollar. However, the rupee closed at 94.83 against the dollar during the day, showing a decline of 0.3 per cent from Friday’s close of 94.81. The rupee has been witnessing continuous weakness against the dollar due to tensions in the Middle East and the Indian currency witnessed a 4.4 per cent decline against the US currency in March alone.

The rupee had opened on a strong note after the Reserve Bank of India (RBI) reduced the overnight net open position limit for banks to $100 million but lost its gains during the session and fell 160 paise from the opening level. Moreover, the rupee depreciated by nearly 1 per cent last week, its fourth consecutive weekly decline at the same level, and closed at a record low of 94.84 against the dollar.

Reason for decline in rupee against dollar

After market close on Friday, the central bank said banks will have to ensure that as of April 10, their net open rupee position in the domestic market does not exceed $100 million at the end of each trading day. According to estimates, the size of these investments ranges from $25 billion to more than $50 billion. Due to rising oil prices, the Indian stock market is also witnessing a decline along with the rupee and Nifty has seen a decline of more than 10 percent in March 2026, which is the biggest decline since March 2020 during the Corona period on a monthly basis.

Stock market decline on Monday

In the last trading session of the current financial year (2025-26) indian stock market A big decline was seen on Monday. At the end of the day, Sensex was at 71,947.55, down 1,635.67 points or 2.22 per cent, and Nifty was at 22,331.40, down 488.20 points or 2.14 per cent. The escalating conflict in West Asia has also pushed up global crude oil prices.

Also read: ‘Bloody game’ on Dalal Street on the last day of the financial year, Sensex falls by 1,635 points; Lakhs of crores of investors lost

Brent crude futures price

Till the time of writing the news, the price of benchmark Brent crude futures was up 2.11 percent at $ 115 per barrel on Monday and the price of WTI crude futures was up 1.75 percent at $ 101.4 per barrel.