Going abroad? Rupee is now 94.90 against USD!

Mon, 11 May 2026

09:55

The rupee crashed 139 paise to 94.90 against the greenback in early trade on Monday after President Donald Trump rejected Iran's response to the US's peace proposal, following which crude oil prices surged rapidly.

A strengthening US dollar and steep FPI outflows further pressured the local unit, according to forex traders.

At the interbank foreign exchange, the rupee opened at 94.97 against the US dollar before inching up to 94.90, down a staggering 139 paise from its previous close.

On Friday, the rupee pared its losses and ended with a sharp gain of 71 paise at 93.51 against the greenback.

Iran has sent its response to the latest US ceasefire proposal via Pakistani mediators and wants negotiations to focus on permanently ending the war, Iran's state-run media said on Sunday.

Trump rejected Iran's proposal to end the months-long war as "totally unacceptable" without sharing details even as a key Republican leader urged him to consider the "military option". -- PTI

TOP STORIES

LIVE! US confirms strikes on ships with Indian seafarers

Third vessel with 20 Indians on board hit by US off Oman

India has expressed 'deep worry' and strongly protested to the US after three merchant ships carrying Indian crew members came under attack from the American military off the coast of Oman in four days, resulting in the deaths of three...

US Navy attacked 3 merchant ships, India lodges protest

India has strongly protested to the United States after three merchant ships with Indian crew members were attacked by the American military off the coast of Oman, resulting in the deaths of three Indian nationals.

Mystery fire destroys 4K EVMS stored in Kolkata govt building

West Bengal minister Kaushik Chowdhury on Thursday said that around 4,000 EVMs were gutted in a government building fire in Kolkata, as the police launched an investigation following the registration of an FIR in connection with the...

NCW summons comedian over 'Rs 370 biryani' remark

The National Commission for Women (NCW) has summoned comedian Pranit More and web developer Himanshu Jangra following remarks made during a Gurugram stand-up show, which the commission alleges glorified sexual coercion and non-consensual...