Brief by Shorts91 Newsdesk / 08:19am on 31 Mar 2026,Tuesday Business
The Indian rupee has become the worst-performing currency in Asia, falling over 4% against the US dollar since January 2026. It has dropped to record lows near ₹90–93 per dollar. Analysts said strong dollar demand and foreign investor outflows have added pressure. High crude oil prices have also hurt the rupee, as India depends heavily on imports. The Federal Reserve keeping interest rates high has strengthened the dollar. Experts said banks may unwind large dollar positions, which could increase supply and support the rupee in the near term. Other Asian currencies, including the Thai baht, have also weakened. (PC: Business Today)
