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fxAug 6, 2026, 5:33 AM

Indian Rupee Flat, Lower Oil Prices Bolster Upside

The Indian Rupee opened little changed against the US Dollar on Thursday, with USD/INR near 95.12 after bouncing from a monthly low of 94.83. Cheaper crude oil is providing a tailwind for the rupee.

USDINR

The Indian Rupee was little changed against the US Dollar in Thursday's session, with USD/INR hovering near 95.12. The pair rebounded from a fresh monthly low of 94.83 recorded on the previous day.

Lower crude oil prices are backing the upside for the rupee. As a major oil importer, India benefits from reduced import costs when oil falls, which supports the currency.

Source: FXStreet Forex News