Indian Rupee Hits 4-week Low

The Indian rupee slipped to around 91.2 per dollar, marking its lowest level in a month, as global oil prices surged and the US dollar gained broadly. Tensions in the Middle East drove Brent crude higher, raising concerns over potential supply disruptions. As a major oil importer, India remains sensitive to sustained shifts in energy prices, which can influence both the country’s trade balance and inflation expectations. At the same time, the dollar strengthened as investors shifted toward traditional safe-haven assets during the latest bout of geopolitical uncertainty, adding further headwinds for the rupee and other emerging market currencies. Traders are also monitoring for any signs of action from the Reserve Bank of India should volatility persist. Over the past four weeks, the currency has declined about 1% against the US dollar and remains roughly 4% weaker compared to a year ago.

The Indian Rupee touched 91.30 against the USD, the lowest since February 2026. Over the past 4 weeks, US Dollar Indian Rupee lost 1.06%, and in the last 12 months, it increased 4.13%.

The Indian rupee held steady at around 90.9 per dollar, pausing its losses from the previous sessions as investors assessed new economic data and ongoing central bank interventions. Market participants remained cautious ahead of the release of India’s updated GDP framework, which is expected to revise the country’s growth metrics. The government is updating the GDP base year to 2022-23 from 2011-12, with advance estimates suggesting 7.6% growth this fiscal year, up from the previous 7.4%. The revision gives greater weight to fast-growing sectors like the digital economy and gig work, while reducing emphasis on agriculture and informal manufacturing. Economists highlight that the updated GDP series will be pivotal for future policy decisions, with the Reserve Bank of India likely to maintain a growth-supportive stance depending on insights from the revised data.