The rupee extended its losing streak for the fourth straight session, sliding past the 94 level for the second time in a month and trading 34 paise lower at 94.12 against the U.S. dollar in early trade on Thursday (April 23, 2026), as crude oil prices surged amid a lack of progress in West Asia peace talks.

The currency also remained under pressure due to massive selling of domestic equities and the withdrawal of foreign investors amid rising worldwide demand for the American currency, forex traders said.