Rupee Extends Weakness to Fresh Lows Amid Crude Surge and FII Outflows

Authored By HDFC SKY | Last Modified: Mar 13, 2026 04:25 PM IST

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The Indian rupee weakened for the second consecutive week, settling at a fresh record low as a geopolitical worry weighed on the local currency. Surging global crude oil prices—driven by escalating tensions in West Asia—and sustained foreign fund outflows amid heightened risk aversion have kept the rupee under significant pressure. Furthermore, aggressive dollar demand from importers and traders intensified as the currency breached the record high.

Spot USDINR maintains a bullish bias, with immediate resistance anticipated between 92.50–92.70 and a support at 92.05.

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