On March 9, 2026, a big decline was seen in the Indian economy and stock market. The Indian rupee has reached its lowest ever level of 92.31 against the US dollar. It also went up to 92.35 during trading. At the same time, as soon as the stock market opened, there was a huge fall in Nifty 50 and it fell to the level of 23,700. Sensex has also fallen by more than 2000 points due to which investors have lost crores of rupees.
What is the main reason for the decline in the market and the rupee?
Many international reasons and withdrawal of money by foreign investors are behind this huge decline. According to market experts, some of the main reasons for this are as follows:
There is an atmosphere of fear in the global markets due to the ongoing war between America and Iran in West Asia. Foreign investors (FIIs) have rapidly withdrawn their money from the Indian market. On March 6 alone, there was a sale of Rs 6,030 crore in the market. Crude oil prices have crossed 100 to 110 dollars per barrel. The fear of stopping the oil supply from the Strait of Hormuz has spooked the market.
What effect will this have on the common man and the country?
Due to weakening of rupee and increase in cost of crude oil, it is going to have a direct impact on the pockets of the common man. The prices of petrol and diesel may increase in India, due to which transportation and everyday items will become expensive. Apart from this, goods imported from abroad will also become expensive. The government’s expenditure on fertilizer and LPG gas subsidy will also increase. However, to save the rupee from falling further, RBI has intervened in the market and sold dollars, due to which it could not cross 92.50.