Indian RupeeQuote - Chart - Historical Data - News

The Indian rupee hovered near 96.1 per dollar, after touching successive record lows in recent sessions, weighed down by rising US Treasury yields, surging crude oil prices, and a broader risk-off mood in global markets. Pressure on emerging-market currencies intensified as the benchmark 10-year US Treasury yield climbed to 4.6250%, while Brent crude rose nearly 2% to $111.34 per barrel amid stalled US–Iran diplomatic talks. Investor sentiment was further shaken by reports of an attack on a nuclear facility in the UAE and expectations that US President Trump could discuss military options on Iran. Traders expect the rupee to remain under pressure, with the RBI focused on curbing volatility rather than defending a specific exchange-rate level. Separately, investors assessed India’s unemployment rate rising to 5.2% in April 2026 from 5.1%, the highest since October, as elevated energy prices and disruptions in Persian Gulf shipping routes reduced purchasing power.

The Indian rupee hovered near 95.9 per dollar, after hitting successive record lows in recent sessions as a firmer greenback and elevated crude oil prices continued to weigh on sentiment. Expectations that the Fed may keep interest rates higher for longer lifted the dollar, adding further strain on emerging-market currencies. The rupee is down more than 1.3% this week, despite likely intervention from the RBI aimed at slowing the pace of depreciation. Foreign fund outflows, strong dollar demand from oil importers, and subdued exporter selling continued to pressure the rupee. Additionally, Brent crude held near $107 per barrel, raising concerns over India’s import bill as the country depends on imports for about 90% of its oil needs. Investor sentiment was further impacted after state-run fuel retailers raised petrol and diesel prices for the first time in four years, reinforcing concerns that higher energy costs could fuel domestic inflation pressures.

The Indian rupee fell to around 95.6 per dollar, extending recent losses to fresh record lows as concerns over the stability of the US-Iran ceasefire continued to weigh on global markets. Traders expect the currency to remain under pressure after it closed sharply lower in the previous session, with fears that renewed geopolitical tensions could keep crude oil prices elevated for longer. Despite intermittent intervention by the Reserve Bank of India to contain volatility, the currency has struggled to regain momentum amid persistent demand for dollars. Market anxiety deepened after President Trump suggested the Iran ceasefire agreement remained fragile, citing unresolved disputes over military activity, sanctions relief, oil exports, and compensation linked to the conflict. Adding to concerns, Prime Minister Narendra Modi recently urged fuel conservation measures and encouraged reduced travel and wider adoption of work-from-home arrangements to ease pressure on energy consumption.