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fxAug 10, 2026, 5:25 AM

Indian Rupee Weakens as Oil Recovery Lifts USD/INR

The Indian rupee opened weaker against the dollar on Monday, with USD/INR climbing back toward 95.22 as recovering oil prices and a firmer greenback weighed on the currency.

USDINR

The Indian rupee opened under pressure on Monday, sending the USD/INR pair back toward 95.22. The move came as crude oil prices extended their recovery, raising import-cost concerns for the energy-hungry economy.

The US dollar also found some support after a recent soft patch, helping the pair erase some of last week’s losses. Despite the drop, the rupee’s downside appeared limited, suggesting traders expect the currency to stabilize around current levels.

Source: FXStreet Forex News