HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Indian rupee weakens against US dollar on Monday
Mar-02-2026
The Indian rupee weakened against the US dollar on Monday as crude prices soared after the United States and Israel launched military strikes against Iran. The strikes resulted in the death of Iran's Supreme Leader Ayatollah Ali Khamenei, and dozens of other high-ranking officials. Rupee fell further by tracking weak domestic equities, strong American currency and massive withdrawal of foreign funds from Indian markets with data showing Foreign institutional investors offloaded equities worth Rs 7,536.36 crore on Friday. Rupee also reacted to the latest RBI data released on Friday showed India's forex reserve dropped by $2.119 billion to $723.608 billion during the week ended February 20.

The partially convertible currency is currently trading at 91.40, weaker by 32 paise from its previous close of 91.08 on Friday. The currency touched a high and low of 91.43 and 91.23 respectively.
  RELATED NEWS >>