The Indian rupee reversed early gains and ended 19 paise lower at 93.10 (provisional) against the US dollar on Monday, April 20, 2026. This decline occurred as renewed conflicts in West Asia boosted demand for the US currency and maintained stable crude oil prices. Currency dealers noted ongoing strain on the local unit from a new US-Iran confrontation, which resulted in the shutdown of the Strait of Hormuz and interruptions to international supplies.
