CurrencyHigh impactPre-market

USD/INR retreats but remains near record highs

2 May 2026 · 07:09 ISTpre-market1 source ↓written by the desknot a recommendation

The USD/INR pair has surrendered some recent gains, trading near record high of 86.70. This indicates persistent pressure on the Indian Rupee as demand for the US dollar remains strong amidst shifting interest rate expectations. Traders and policymakers are closely monitoring this critical juncture for emerging market sentiment. 📉

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 2 May 2026, 07:09 IST.

Sourcesnews.google.com

Currency

Read inEN हिं తె मरा த ગુ

28 SeptRupee expected to weaken despite RBI's stability effortsMediumThe rupee is projected to weaken to ₹96-97 per dollar by FY27, countering RBI's expectations for stability. Factors like persistent asset outflows and high crude prices contribute to this outlook, despite RBI's efforts to stabilize the currency.
21 SeptRupee weakens past ₹96 per dollar after Fed rate hikeHighThe rupee fell to ₹96.10 against the US dollar, its first breach of this level since 24 July, following a 25 basis points rate hike by the US Federal Reserve. Since 4 September, the rupee has lost 148 paise, or over 1.4%.
20 SeptRupee breaches ₹96 per dollar as Fed rate hike boosts dollarHighThe rupee fell to ₹96.10 per dollar, its lowest since July, following a 25 basis point rate hike by the US Federal Reserve. This marks a 1.4% decline since early September, compounded by rising crude oil prices.
20 AugRupee steadies as oil prices exceed $90MediumThe rupee steadied as oil prices surged past $90 after the U.S.-Iran ceasefire lapsed. The USDINR trading range for the day is 95.5-95.78, with RBI intervention helping to contain losses amid rising geopolitical tensions.
19 AugRupee declines to 95.68 amid rising crude pricesMediumThe Indian rupee opened at 95.68 against the US dollar, down 7 paise from the previous close. This decline is driven by rising crude oil prices at $91.34 per barrel and increased demand for the dollar, raising concerns over foreign-currency inflows.
25 JulRupee weakens to 96.36 against dollar on oil price surgeMediumThe Indian Rupee declined by 11 paise to 96.36 against the US dollar, pressured by rising crude oil prices and geopolitical tensions. Increased dollar demand amid market uncertainty is impacting the domestic currency further.

USD/INR retreats but remains near record highs

Related