Last Updated on April 20, 2026 10:28 pm by BIZNAMA NEWS
New Delhi, April 20 — The Indian rupee erased its early gains and settled 27 paise lower at 93.18 (provisional) against the US dollar on Monday, as rising tensions in West Asia boosted demand for the greenback and kept crude oil prices firm.
The local currency came under pressure due to a rebound in the dollar and a sharp uptick in oil prices. Fresh geopolitical strain between the United States and Iran, including the reported closure of the Strait of Hormuz, disrupted global supply expectations and weighed on the rupee.
At the interbank foreign exchange market, the rupee opened at 92.73 and touched an intraday high of 92.70 before slipping to a low of 93.24 during the session.
Meanwhile, Indian equity markets ended on a subdued note after a volatile trading day. The BSE Sensex edged up 26.76 points, or 0.03%, to close at 78,520.30, while the Nifty 50 gained 11.30 points, or 0.05%, to settle at 24,364.85.