Dollar demand, FPI outflows, oil prices to weigh on rupee

ET BureauLast Updated: Apr 27, 2026, 05:57:00 AM IST

Synopsis

The Indian rupee is anticipated to decline further this week, breaking its recent stable trading band. Strong dollar demand, rising oil import costs, and consistent foreign investor withdrawals are pressuring the currency. Despite the Reserve Bank of India's interventions, the rupee is expected to open significantly weaker on Monday, signaling continued downward pressure.

MUMBAI: The Indian rupee is poised to weaken further on Monday and through the coming week, after holding within a relatively stronger 92.50–93.50 range over the past fortnight. Persistent dollar demand, a swelling oil import bill and steady foreign portfolio outflows continue to weigh on the currency despite RBI efforts to curb speculative activity and limit market participation by oil companies. The rupee is expected to open with a gap on Monday at 94.40- 94.50

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