The rupee declined 32 paise to close at 93.48 (provisional) against the U.S. dollar on Tuesday (April 21, 2026), weighed down by a steady American currency and volatile crude oil prices amid uncertainties over the progress of West Asia peace negotiations.

Positive domestic equity markets failed to boost local currency, which also had some impact of the Reserve Bank’s latest move to ease curbs on speculative bets in non-deliverable forward markets, forex analysts said.