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ForexMedium•27 April 2026•

1 min read

Indian Rupee Records Sharpest Weekly Drop in Over Three Years Against US Dollar

Key Facts

1The Indian rupee depreciated by 1.42% over the week, marking the highest weekly depreciation rate in approximately three and a half years.

2The USD/INR currency pair is expected to open between 94.26 and 94.30 on Monday.

The Indian rupee experienced a significant downturn this week, depreciating by 1.42% against the US dollar, marking its steepest weekly decline in approximately three and a half years. This sharp depreciation is primarily attributed to surging global oil prices and broad-based strength in the US dollar. Market projections suggest the USD/INR pair will open between 94.26 and 94.30 on Monday, indicating sustained pressure on the local currency. Analysts have characterized the current market environment as an 'oil shocker' that has severely dampened investor sentiment. Traders are now closely monitoring potential central bank interventions to stabilize the currency's volatility. This multi-year low underscores the growing challenges for the Indian economy amid shifting global macroeconomic conditions.