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fxJul 13, 2026, 5:18 AM

Indian Rupee Opens Sharply Lower as USD/INR Hits Six-Week High

The Indian Rupee weakened sharply against the US Dollar on Monday, with USD/INR climbing to a six-week high near 95.80, driven by renewed Middle East tensions boosting the greenback and oil prices.

USDINR

The Indian Rupee (INR) opened significantly lower against the US Dollar (USD) on Monday, extending its recent losses. The USD/INR pair jumped to a six-week high around 95.80, reflecting heightened demand for the safe-haven dollar.

Renewed hostilities in the Middle East have strengthened the US Dollar and pushed oil prices higher, adding pressure on the rupee. India relies heavily on oil imports, so rising crude costs typically weigh on the currency.

Markets will continue to monitor geopolitical developments and global risk sentiment for further direction on the rupee.

Source: FXStreet Forex News