INR Market Update
14 May 2026 • 00:32 GMT
The Indian Rupee (INR) has slipped to its lowest levels in about 90 days against the US dollar, trading near 0.01045. This marks a 2.8% decline below its three-month average of approximately 0.01075. Recent factors behind the weakness include rising oil prices due to heightened Middle East tensions and marked outflows of foreign investment from Indian equities. The Reserve Bank of India remains flexible, allowing the rupee to adjust naturally amid external pressures.
Despite some stability in recent days within a range of 0.01045 to 0.01104, the overall trend points to continued pressure on the INR as geopolitical concerns and external costs influence investor sentiment. Forecasters such as Goldman Sachs see potential for further weakening of the INR, possibly reaching 95 against the USD by year's end, driven by persistent geopolitical risks.
Market participants should watch for news on oil prices and foreign investment flows, as these remain key factors influencing the rupee’s direction going forward.
📊 Quick forecast view
🟢 Mild upside
0.0110 – 0.0110
🌍 Global risk sentiment
⚪ Range-bound