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The Indian Rupee (INR) falls after a flat opening against the US Dollar (USD) at the start of the Reserve Bank of India’s (RBI) monetary policy week. The USD/INR pair rises to near 92.85 as firm oil prices due to fresh threats of assault on Iranian infrastructure by United States (US) President Donald Trump are acting as a key drag on the Indian Rupee. Oil prices post fresh four-week high WTI Oil price jumps to near $106 at the start of the week, the highest level seen in almost four weeks. Oil prices strengthen as US President Trump has threatened to obliterate Iranian power plants and bridges, through a post on Truth.Social, if the nation fails to reach a deal before the deadline. “Tuesday will be Power Plant Day and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, you crazy bastards, or you’ll be living in Hell – JUST WATCH! Praise be to Allah. President DONALD J. TRUMP”, Trump wrote over the weekend. Currencies from economies, such as India, that rely heavily on oil imports to meet their energy needs are significantly impacted due to higher oil prices. Foreign Outflows continue to keep INR under pressure Consistent outflow of foreign funds from the Indian stock market continues to batter the Indian Rupee. In two trading days of April gone by, Foreign Institutional Investors (FIIs) have offloaded their stake worth Rs. 18,262.28 crore. In March, FIIs remained net sellers in all trading days. Overseas investors have been dumping their stake due to the ongoing war in the Middle East, which has improved the appeal of safe-haven assets, such as the US Dollar. Investors await RBI’s monetary policy This week, the major highlight will be the RBI’s monetary policy announcement on…

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Filed under: News - @ April 6, 2026 6:13 am