USD vs INR, March 22 -- The Indian rupee depreciated past 93 against the US dollar for the first time on Friday, marking its sharpest single-day decline in more than four years, amid concerns over the impact of Iran's war-driven disruptions to global energy supplies on Asia's third-largest economy.

The rupee dropped over 1% to 93.7350 per dollar, breaching its previous record low of 92.63 hit earlier in the week. It eventually settled at 93.71, ending the week down around 1.3% - its steepest weekly decline since late 2022.

According to market experts, a key driver has been the persistent FII outflows, with foreign investors offloading over Rs. 1 lakh crore in CY2026, reflecting risk-off sentiment toward emerging markets amid heightened ...