The Indian rupee fell to around 95.7 per dollar, extending losses for a fourth consecutive session to two-week lows as surging crude oil prices and higher US Treasury yields weighed on the currency. Brent crude climbed nearly 12% this week, approaching $110 a barrel as intensifying Middle East tensions disrupted shipping through the Strait of Hormuz and Red Sea, raising concerns over India’s external balance, growth and inflation. Meanwhile, US Treasury yields rose after stronger-than-expected producer price data lifted expectations of a Federal Reserve rate hike next week, with markets pricing around a 70% chance of an increase and the 10-year yield nearing 5%. The rupee’s decline comes despite recent RBI support, which had helped it strengthen from around 95.70 to a two-month high of 94.30 last week following stronger-than-expected overseas Indian deposit inflows. However, traders said the RBI appears increasingly reluctant to intervene aggressively as external pressures intensify.
The USD/INR exchange rate fell to 95.5180 on September 11, 2026, down 0.18% from the previous session. Over the past month, the Indian Rupee has weakened 0.18%, and is down by 8.20% 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 September 11 of 2026.
The USD/INR exchange rate fell to 95.5180 on September 11, 2026, down 0.18% from the previous session. Over the past month, the Indian Rupee has weakened 0.18%, and is down by 8.20% over the last 12 months. The Indian Rupee is expected to trade at 94.26 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 92.54 in 12 months time.