Rupee Falls to 4-Week Low

2026-04-24 03:52 By Mariene Camarillo 1 min. read

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.



News Stream
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
Rupee Edges Lower on FX Rollback
The Indian rupee hovered around 93.3 per dollar on Tuesday, edging lower after a brief stabilization as domestic policy adjustments weighed on sentiment. Pressure on the currency followed the Reserve Bank of India’s decision to partially unwind recent foreign-exchange restrictions. The measures, introduced only weeks earlier, had supported the rupee by curbing arbitrage between onshore and offshore markets. Their rollback is now seen as increasing trading flexibility but also reviving volatility in currency flows. At the same time, the rupee’s losses were limited by softer global conditions, as the dollar weakened after Donald Trump announced an open-ended ceasefire extension with Iran, easing immediate geopolitical concerns and calming markets. However, tensions remain elevated as the US continues its blockade of the strategically vital Strait of Hormuz, where shipping disruptions are still ongoing.
2026-04-21