INR Market Update
30 Mar 2026 • 00:31 GMT
The Indian Rupee has weakened further against the US dollar, trading near 90-day lows around 0.010548, which is about 3.5% below its 3-month average of 0.010934. The decline comes amid rising geopolitical tensions in West Asia, leading to a sharp increase in global oil prices. As India relies heavily on oil imports, this surge has added to inflation concerns and widened the country’s current account deficit.
Meanwhile, FPI outflows from Indian equities persist, with a significant withdrawal recorded in January and February, pressuring the rupee further. The RBI has been actively intervening in the forex markets to limit excessive depreciation, but ongoing economic challenges and geopolitical risks continue to influence exchange rates.
In the broader currency market, the USD remains supported by safe-haven demand amid Middle East tensions and expectations of possible Fed rate cuts in 2026. These factors keep USD in a relatively narrow trading range, impacting emerging market currencies like the INR. Traders should stay alert to continued geopolitical developments and economic data releases that could add volatility to the rupee’s outlook.
📊 Quick forecast view
🟢 Mild upside
0.0110 – 0.0110
🌍 Global risk sentiment
🔴 Downtrend
