23 Mar 2026 | 5 Mins Read
Indian Rupee hits record low of 93.83 against US Dollar
Flipitmoney
The Indian rupee opened at a record low of 93.83 against the US Dollar on March 23, marking its biggest single-day drop in four years with a 1.2% decline. Crude oil prices remain elevated, and the RBI's net-short dollar book neared $100 billion. Indian equities have seen selling pressure from global funds, with $9 billion sold this year, exceeding half of last year's total.