The Indian Rupee registered a historic fall against the Dollar on Friday, March 13, 2026. The rupee fell to a low of 92.49 per dollar, surpassing its previous record high of 92.3575. Due to the huge rise in the prices of crude oil in the international market, there has been a lot of pressure on the domestic currency. The price of crude oil has reached close to 100 to 106 dollars per barrel, due to which the import cost on India is increasing and it is estimated that there will be an additional burden of 7 to 8 billion dollars every month.
What is the main reason for the fall of rupee?
The biggest reason behind this fall of rupee is the costliness of Brent crude oil. According to Jatin Trivedi, expert of LKP Securities, volatile crude oil prices and strengthening US dollar index have weakened the rupee. Apart from this, foreign investors have continuously withdrawn money from the Indian stock market. On March 12, investors withdrew around Rs 7,049 crore and so far in 2026, there has been a huge withdrawal of Rs 46,000 crore.
What steps did the Reserve Bank (RBI) take?
To stop this huge fall of rupee in the market, Reserve Bank of India (RBI) has directly intervened in the market. Currency expert KN Dey said that the objective of RBI is not to stop the rupee at a particular number but to slow down the pace of its fall. To handle the situation, on March 13, RBI has injected Rs 50,000 crore into the market under Open Market Operation (OMO). This is the second part of the total scheme of Rs 1 lakh crore which will provide relief to the banking system.
What effect will this have on the common man and migrants?
Due to costlier crude oil and weakening of rupee, the prices of petrol, diesel and gas (LPG) may increase in India, due to which there is a possibility of increase in retail inflation. India’s current account deficit is also expected to increase. However, due to the strengthening of the dollar, Gulf countries and Indians working abroad will benefit from it. When they send their foreign earnings to India, their families will get more Indian rupees than before, depending on the conversion rate.
