INR Market Update
19 May 2026 • 00:33 GMT
The Indian Rupee (INR) has weakened slightly against the US dollar over the past 90 days, trading near 0.010387, which is at its lowest point in this period and about 3.1% below its three-month average. The recent dollar strength has been driven by US economic data showing rising inflation, with April's CPI at 3.8%, and growing expectations of further Fed interest rate hikes. These factors are supporting the USD against many currencies, including the INR.
Geopolitical tensions in the Middle East, particularly the Iran-Israel-US conflict, have pushed up global oil prices, adding pressure on India's import costs and affecting the currency. Additionally, foreign investors have withdrawn funds from Indian equities, increasing demand for US dollars.
The RBI has maintained a flexible approach to the rupee, allowing it to move more freely in response to these external pressures. While short-term movements remain stable within a range, ongoing geopolitical developments and US monetary policy will continue to influence the INR's trend through the year. Overall, the INR is showing signs of modest depreciation against the USD amid these external factors.
📊 Quick forecast view
🟢 Mild upside
0.0100 – 0.0110
🌍 Global risk sentiment
🟢 Uptrend