Rupee plummets past 94/USD level; settles 33 paise lower

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The rupee extended its losing streak for the fourth consecutive session, settling 33 paise lower at 94.11 (provisional) on Thursday (April 23, 2026) and breached the 94-level for the second time in a month amid soaring crude oil prices as West Asia peace talks moved to an uncertain trajectory.

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Massive selling of domestic equities and incessant withdrawal of foreign funds amid rising worldwide demand for the American currency further weighed on the domestic unit, which has lost over 1% in a week, forex traders said.

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