Rupee faces pressure as RBI defends 95.45 against dollar amid rising crude oil prices
Economic Times 1 hr ago·17 Aug 2026, 12:38 am
The Indian rupee is under pressure as the Reserve Bank of India (RBI) actively intervenes to defend a key level of 95.45 against the US dollar. This move comes as the currency faces selling pressure from importers and oil companies, whose demand for dollars typically rises when global crude oil prices climb.
This intervention is a direct response to the broader market environment, including concerns over the stability in West Asia. While the RBI's actions provide a floor for the currency, the rupee's future direction will depend heavily on whether crude oil prices stabilize or continue to rise, which would increase the dollar outflow.
Investors should keep a close watch on global crude oil trends and the RBI's subsequent steps. The currency's movement will likely remain volatile until there is clarity on oil prices and the central bank's stance on intervention.
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