Rupee Outlook Amid Crude Oil Surge and Geopolitical Uncertainty
By Prime Research | Published at: Mar 9, 2026 05:34 PM IST
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In line with broader weakness across Asian currencies, the Rupee has depreciated against the US Dollar as international crude oil prices surged past $100 per barrel, reclaiming levels not seen since 2022. These soaring energy costs pose a significant threat to India’s trade deficit, GDP growth, and inflation, given the country’s high reliance on oil imports.
Amidst heightening geopolitical uncertainty, the spot USDINR is expected to remain firm, with a resistance level near 93.00 and established support at 91.80.
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