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After the failure of peace talks between America and Iran, India's economy has suffered a double blow. Where the possibility of current deficit increasing further has increased due to the huge increase in crude oil prices. Also, a big fall of 49 paise has been seen in the rupee. Due to which once again the confidence of foreign investors in the Indian stock market seems to be shaking. Before that, when the currency market was closed on Friday, everyone was sure that many issues would be resolved through the peace talks to be held in Islamabad. But this will not happen.

Now both the countries have once again gathered on their fronts. While America has started its blockade, on the other hand Iran has also started preparations to take retaliatory action. According to experts, the coming days are going to be very uncertain. Due to which a negative impact on the rupee may be seen. Let us also tell you how the figures have come out regarding the rupee against the dollar.

Rupee falls by 49 paise

In early trade on Monday, the rupee fell 49 paise to 93.32 against the US dollar amid pressure from rising crude oil prices and a stronger American currency amid volatile geopolitical situation. Forex traders said that renewed tensions in West Asia and uncertainty over the opening of the Strait of Hormuz after Iran-US peace talks remained inconclusive led to a rise in crude oil prices. At the same time, investors started rapidly withdrawing their money from domestic equities, which increased further pressure on the Indian currency.

In the Interbank Foreign Currency Exchange market, the rupee opened at 93.30 against the US dollar and weakened further in early deals and was trading at 93.32, which is 49 paise less than its previous closing level. On Friday, the rupee had fallen 32 paise to close at 92.83 against the US dollar. This means that in two days the rupee has fallen by more than 80 paise against the dollar.

Dollar and crude oil boil

Meanwhile, the dollar index—which measures the US dollar's strength against a basket of six currencies—rose 0.38 percent to 98.81. In the international market, Brent crude was trading 7.28 percent higher at US $ 102.13 per barrel in futures trade. This increase came after America said that it would start the blockade of Iranian ports from Monday. According to US Central Command, the blockade will be enforced impartially against "ships of all nations" entering or leaving Iranian ports and coastal areas. However, ships traveling between non-Iranian ports will be allowed to pass through the Strait of Hormuz.

Big fall in stock market

On the domestic equity market front, stock markets witnessed heavy losses in morning trade. The 30-share Sensex fell 1600.73 points or 2.06 per cent to 75,949.52, while the Nifty fell 468.85 points or 1.95 per cent to 23,581.75. According to exchange data, foreign institutional investors bought equities worth Rs 672.09 crore on Friday. The Reserve Bank of India (RBI) said on Friday that the country's foreign exchange reserves increased by $ 9.063 billion to $ 697.121 billion during the week ending April 3, 2026. In the last reporting week, which ended March 27, total reserves had declined by $10.288 billion to $688.058 billion.

ADB estimated growth

The Asian Development Bank (ADB) on Friday said that the prolonged conflict in the Middle East could weaken India's macroeconomic performance in several ways, including rising energy prices, disruptions in trade flows and reduction in the flow of remittances (money coming from abroad). In its 'Asian Development Outlook April 2026' report, ADB has projected that India's GDP growth rate will remain "strong" at 6.9 percent in the current fiscal year, and will increase to 7.3 percent in the next fiscal year. This growth is mainly driven by strong domestic demand, which will also be supported by easy financing conditions and low tariffs imposed by the US on Indian goods.