Indian rupee weakens against dollar amid rising oil prices
pre-market1 source ↓written by the desknot a recommendation
- has fallen
- 96.70 per US dollar
- has weakened approximately
- 7% in 2026
- of that decline
- 6.1%
The Indian rupee has fallen to 96.70 per US dollar, marking its sixth consecutive day of decline. Key factors include higher oil prices, persistent portfolio outflows, and a widening trade deficit, raising concerns about inflation and external balances. The rupee has weakened approximately 7% in 2026, with 6.1% of that decline occurring since the Iran conflict began.
Not investment advice. For informational purposes only.