INR Market Update
13 Jun 2026 • 00:32 GMT
The Indian Rupee (INR) has been relatively stable against the US dollar, trading close to its three-month average. Currently, the INR/USD rate stands at 0.010495, about 0.9% below the average, and has stayed within a 5% range from 0.010326 to 0.010839.
The dollar has recently gained strength on expectations of upcoming Federal Reserve rate hikes and a cautious global risk environment. These factors support the USD, while the INR faces pressure from rising oil prices due to geopolitical tensions and foreign portfolio outflows from Indian stocks.
Despite the dollar's recent uptick, the INR's overall movement remains stable, reflecting the RBI’s flexible approach to currency management. Looking ahead, developments in the Middle East conflict and US monetary policy will be key factors influencing both currencies. Major banks’ forecasts vary; some see the INR weakening further towards 96.80 USD/INR by year-end, while others expect a more resilient rupee around 93.00.
For now, the INR continues to trade within its recent range, influenced by external global developments and internal economic factors.
📊 Quick forecast view
🔴 Mild downside
0.0110 – 0.0110
🌍 Global risk sentiment
🔴 Downtrend