The rupee on April 30, 2026 hit a lifetime intraday low of 95.34 against the U.S. dollar. File
| Photo Credit: Reuters
The rupee on Thursday (April 30, 2026) hit a lifetime intraday low of 95.34 against the U.S. dollar before trading at 95.25 in the mid-session deals, tracking surging global crude oil prices and selling in domestic equities amid the West Asia crisis.
Meanwhile, the U.S. Fed kept rates unchanged amid strong inflation pressure triggered by high crude prices.
At the interbank foreign exchange market, the rupee opened at 95.01 against the dollar, then lost 46 paise to touch a record intraday low of 95.34. In the afternoon session, the domestic currency was trading 37 paise lower at 95.25.
On Wednesday (April 29, 2026), the rupee depreciated 20 paise to close at an all-time low of 94.88 against the U.S. dollar.
“The main effect on the rupee has been from the rising oil prices, which touched $120 per barrel and looked headed for further upside as the U.S. continues with its blockade of Iranian ports, while Iran does not allow any ship/tanker to pass through the Strait of Hormuz,” said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading slightly lower by 0.03% to 98.79.
Brent crude, the global oil benchmark, was trading 3.46% higher at $122.11 per barrel in futures trade.
On the domestic equity market front, Sensex tumbled 687.75 points to 76,808.61 points in afternoon trade, while the Nifty dived 228.60 points to 23,949.05.
Foreign Institutional Investors offloaded equities worth ₹2,468.42 crore on Wednesday (April 29, 2026), according to exchange data.
“FPIs continue with their sale of Indian Equities and debt [the yield touched 7% on Wednesday (April 29, 2026)] and are also dollar buyers consistently,” Mr. Bhansali added.
Published – April 30, 2026 04:05 pm IST
