Rupee falls to 95.40 on oil, geopolitical risks
Analysis based on 13 articles · First reported Aug 13, 2026 · Last updated Aug 13, 2026
The rupee's depreciation reflects persistent pressure from high oil prices and geopolitical uncertainty, which could increase import costs and inflationary pressures in India. The RBI's intervention supports the currency but may deplete reserves, while equity outflows and lower market indices signal risk-off sentiment among investors.
On August 13, 2026, the India — Indian rupee depreciated 7 paise to 95.40 against the US dollar in early trade, pressured by elevated crude oil prices and lingering geopolitical risks. The standoff between the US and Iran continued, with Iran warning of keeping the Strait of Hormuz closed until 2029, while the US president asserted that the strait is under US command. The dollar index traded at 100.01, and Brent Crude was 1.22% lower at $87.89 per barrel. The State Bank of India has been continuously backing the rupee at 95.41-95.45, according to Anil Kumar Bhansali of Finrex Treasury Advisors. Foreign Institutional Investors offloaded equities worth Rs 1,002.50 crore on a net basis on Wednesday. Domestic equity markets traded lower, with the Sensex down 152.97 points at 77,813.38 and the Nifty down 84.80 points at 24,351.15.
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