INR Market Update
28 Mar 2026 • 01:13 GMT
The Indian Rupee (INR) remains near 90-day lows against the US dollar, trading around 0.010541, which is about 3.7% below its three-month average. The recent decline is driven by a combination of rising oil prices due to geopolitical tensions in West Asia, and continued outflows from Indian equities, which have seen FPI selling exceeding ₹29,300 crore so far this year. The widening trade deficit, now at $13.2 billion for Q3 FY 2025-26, adds further pressure on the currency.
The Reserve Bank of India has been actively intervening to prevent excessive volatility, but the overall environment remains volatile. Meanwhile, the dollar's recent stability, supported by safe-haven flows amid global uncertainties, makes it a challenging backdrop for the INR.
Against other major currencies, the INR has also seen declines, including a 2.3% drop against the euro and a 3.1% decrease versus the Australian dollar, reflecting broader risk-off sentiment. Market players will keep a close eye on geopolitical developments, oil prices, and RBI measures as the INR navigates these challenging conditions.
📊 Quick forecast view
🟢 Mild upside
0.0110 – 0.0110
🌍 Global risk sentiment
🔴 Downtrend
