On Tuesday, April 21, 2026, the Indian rupee dropped 32 paise to finish at 83.48 (provisional) against the US dollar. This decline was influenced by a stable US currency and unstable crude oil prices, amid doubts about advancements in West Asia peace talks. Despite gains in local stock markets, the currency did not strengthen. Forex experts noted that the Reserve Bank’s recent decision to relax restrictions on speculative positions in non-deliverable forward markets also played a role.
