The Indian rupee slipped to around 94.7 per dollar, extending its recent slide to a one-month low as mounting external pressures continued to strain currency markets. Market participants expect the rupee to stay under strain, driven by elevated oil prices and a sustained imbalance in dollar flows. A key drag has been strong demand for dollars from oil importers, while exporters remain hesitant to sell their holdings amid expectations of further depreciation. Over the past seven sessions, the rupee has fallen about 1.7%, reflecting these ongoing pressures. Reports that the United States may continue restricting Iranian oil flows have reinforced expectations of tighter supply, keeping Brent crude near $111 per barrel after a sharp rally in recent weeks. Focus shifts to the Federal Reserve meeting, where steady rates are expected; however, its guidance, at what will be the final meeting chaired by Jerome Powell, may steer the dollar and global currencies.

The USD/INR exchange rate rose to 94.7750 on April 29, 2026, up 0.14% from the previous session. Over the past month, the Indian Rupee has weakened 0.51%, and is down by 12.08% over the last 12 months. Historically, the USDINR reached an all time high of 99.82 in March of 2026. Indian Rupee - data, forecasts, historical chart - was last updated on April 29 of 2026.

The USD/INR exchange rate rose to 94.7750 on April 29, 2026, up 0.14% from the previous session. Over the past month, the Indian Rupee has weakened 0.51%, and is down by 12.08% over the last 12 months. The Indian Rupee is expected to trade at 93.73 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 92.27 in 12 months time.



Crosses Price Day Year Date
USDINR 94.7850 0.1398 0.15% 12.09% Apr/29
EURINR 110.9104 0.0629 0.06% 14.38% Apr/29
GBPINR 128.0060 0.0749 0.06% 12.12% Apr/29
AUDINR 67.8712 -0.0954 -0.14% 24.84% Apr/29
NZDINR 55.5789 -0.1104 -0.20% 9.87% Apr/29
INRCNY 0.0721 -0.0001 -0.18% -15.46% Apr/29
INRCHF 0.0083 -0.00001 -0.13% -13.94% Apr/29
INRCAD 0.0144 -0.00002 -0.11% -11.07% Apr/29
INRMXN 0.1835 -0.0002 -0.13% -20.06% Apr/29
INRJPY 1.6871 -0.0039 -0.23% 1.00% Apr/28
INRARS 14.9537 -0.0722 -0.48% 8.35% Apr/28
INRBRL 0.0528 -0.0003 -0.56% -20.40% Apr/28
INRCZK 0.2203 -0.0003 -0.12% -14.01% Apr/28
INRDKK 0.0676 -0.00005 -0.07% -11.77% Apr/28
INRHUF 3.2988 0.0023 0.07% -20.51% Apr/28
INRIDR 182.6092 -0.0393 -0.02% -7.26% Apr/28
INRKRW 15.6008 -0.0322 -0.21% -7.35% Apr/28
INRMYR 0.0418 -0.0001 -0.35% -18.28% Apr/28
INRRUB 0.7946 0.0003 0.04% -17.96% Apr/28
 Currencies
 INR...
 ...INR



Related Last Previous Unit Reference
United States Inflation Rate 3.30 2.40 percent Mar 2026
India Inflation Rate 3.40 3.21 percent Mar 2026
India Interest Rate 5.25 5.25 percent Apr 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Mar 2026
India Unemployment Rate 5.10 4.90 percent Mar 2026
United States Unemployment Rate 4.30 4.40 percent Mar 2026

Indian Rupee
The USDINR spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the INR. While the USDINR spot exchange rate is quoted and exchanged in the same day, the USDINR forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
94.78 94.65 99.82 0.01 1973 - 2026 Daily

News Stream
Rupee Extends Decline
The Indian rupee slipped to around 94.7 per dollar, extending its recent slide to a one-month low as mounting external pressures continued to strain currency markets. Market participants expect the rupee to stay under strain, driven by elevated oil prices and a sustained imbalance in dollar flows. A key drag has been strong demand for dollars from oil importers, while exporters remain hesitant to sell their holdings amid expectations of further depreciation. Over the past seven sessions, the rupee has fallen about 1.7%, reflecting these ongoing pressures. Reports that the United States may continue restricting Iranian oil flows have reinforced expectations of tighter supply, keeping Brent crude near $111 per barrel after a sharp rally in recent weeks. Focus shifts to the Federal Reserve meeting, where steady rates are expected; however, its guidance, at what will be the final meeting chaired by Jerome Powell, may steer the dollar and global currencies.
2026-04-27
Rupee Falls to 4-Week Low
The Indian rupee slipped to around 94.2 per dollar, hitting a four-week low as external pressures weighed on sentiment. The currency has fallen for five straight sessions, down about 1.3% this week and pulling back from its recent high near 92.5. Traders said the Reserve Bank of India has been selling dollars intermittently to limit volatility, aiming to slow the decline rather than defend a fixed level. However, strong dollar demand continues to keep the USD/INR pair elevated, limiting any recovery. Oil prices have added to the strain, with Brent crude climbing toward $106 per barrel and briefly touching $107, the highest in two weeks, as geopolitical tensions in the Middle East fuel supply concerns. Foreign portfolio outflows have further weighed on the currency. Equity withdrawals have remained strong, with cumulative outflows earlier this month briefly surpassing last year’s record annual exit of $18.79 billion.
2026-04-24
Rupee Falls to 3-Week Low
The Indian rupee slipped to around 94 per dollar, extending its losses to a three-week low as renewed strength in global oil prices weighed on sentiment. The currency has already lost nearly 1% this week, reflecting sustained pressure from rising crude, with Brent crude oil climbing back above the $100-per-barrel mark. The Reserve Bank of India has stepped into the market in recent sessions, selling dollars to limit volatility. However, dealers noted that strong dollar demand from oil importers and limited supply have continued to exert downward pressure on the currency, keeping it on a weakening trajectory. Adding to the strain, tensions around the Strait of Hormuz have escalated after talks between the United States and Iran failed to progress. The two sides remain at an impasse under an extended ceasefire, with no timeline yet for renewed negotiations.
2026-04-23