Key Insights
On May 15, 2026, the rupee fell to a record low of 96.13 per US dollar, surpassing its previous low of 95.9575.
Crude oil prices have been trading at elevated levels for nearly 11 weeks, with Brent crude priced at $109 per barrel and West Texas Intermediate at $105 per barrel.
The rupee has depreciated by nearly 7% year-to-date, making it the worst-performing Asian currency.
AI Analysis
The Indian rupee is expected to remain under pressure in the near term due to elevated crude oil prices and geopolitical tensions. If these factors pe...
Market Outlook
Short-Term
In the short term, the rupee's depreciation is likely to increase the cost of imports, particularly crude oil, leading to higher inflation. This may prompt the Reserve Bank of India to intervene further in the currency market to stabilize the rupee.
Long-Term
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