Mumbai/IBNS, March 20 -- The Indian rupee on Friday extended its losses, hitting a record low of 93.24 against the US dollar.

So far in 2026, the rupee has depreciated 2.63%, with nearly 1.8% of the decline occurring since the onset of the West Asia conflict.

Crude oil prices surged to nearly $120 per barrel on Thursday, tracking attacks on key energy infrastructure in the Gulf region.

Meanwhile, the Indian stock market staged a strong rebound on Friday, partially recovering from the steep losses in the previous session.

Despite the early recovery, analysts cautioned that markets are likely to remain volatile amid ongoing geopolitical tensions linked to the West Asia conflict.

Published by HT Digital Content Services with permission ...