Brief by Shorts91 Newsdesk / 11:18am on 30 Mar 2026,Monday India
The Indian rupee weakened past 95 against the US dollar for the first time on March 30. It touched a record low of 95.20, down 0.3% during the day. The fall came despite recent steps by the Reserve Bank of India to control volatility. The RBI had asked banks to cap open forex positions at $100 million. The move aimed to reduce speculation, but analysts said pressure remains strong. Foreign outflows and high oil prices continue to weigh on the currency. Global tensions have also reduced investor interest. The Nifty 50 fell about 2% during the session, reflecting weak market sentiment. (PC: India Today)
