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Rupee slides 34 paise to 94.12 against U.S. dollar
On April 23, 2026, the rupee extended its losing streak to four sessions, slipping 34 paise to 94.12 per U.S. dollar in early trade as crude oil prices surged amid stalled West Asia peace talks. The currency faced pressure from heavy domestic equity selling and withdrawal of foreign investors amid rising dollar demand, forex traders said.
Why It Matters
The rupee’s fall can influence import costs and inflation and reflects broader investor sentiment and currency demand in a global context.
Timeline
1 Event
Rupee trades at 94.12 per dollar in early trade
April 23, 2026
The rupee extended its losing streak to four straight sessions, sliding 34 paise to 94.12 per U.S. dollar in early trade on Thursday, April 23, 2026, as crude oil prices surged amid a lack of progress in West Asia peace talks. The currency also faced pressure from heavy selling in domestic equities and withdrawal of foreign investors as demand for the U.S. dollar rose, forex traders said.