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fxJul 29, 2026, 5:29 AM

Indian Rupee Snaps Three-Day Winning Streak as Oil Prices Rebound

The Indian rupee weakened against the US dollar on Wednesday, ending a three-day rally, as geopolitical tensions drove oil prices higher. USD/INR rebounded to near 95.85.

USDINR

The Indian rupee weakened slightly against the dollar on Wednesday, halting a three-day advance. The USD/INR pair climbed to around 95.85, supported by a sharp rebound in oil prices.

The move followed renewed geopolitical concerns that lifted crude oil benchmarks. India, a major oil importer, tends to see its currency pressured when oil prices rise.

Source: FXStreet Forex News