# The rupee crashed 139 paise to 94.90 against the greenback in early trade on Monday.

*business · news · 2026-05-11 · Free Press Journal*

## Key points

- The rupee fell 139 paise to 94.90 against the dollar after Trump rejected Iran's proposal.
- Brent crude oil futures surged 4.17% to $105.5 per barrel following US-Iran developments.
- India's forex reserves dropped by USD 7.794 billion to USD 690.693 billion in the week ended May 1.
- Foreign Institutional Investors sold Rs 4,110.60 crore in equities on Friday, increasing outflow pressure.

**Companies:** Finrex Treasury Advisors LLP
**Countries:** India, United States, Iran, Pakistan, Israel, Lebanon, United Arab Emirates

[Read the full story on Free Press Journal](https://www.freepressjournal.in/business/rupee-crashes-139-paise-to-9490-sensex-falls-810-points-nifty-drops-225-as-brent-crude-surges-to-1055)

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