Rupee may slip on oil, risk-off mood; RBI once again expected to ride to rescue
Economic Times 1 hr ago·19 Aug 2026, 3:11 am
The Indian rupee is set to open lower on Wednesday, facing pressure from rising global oil prices and a risk-off mood driven by higher U.S. Treasury yields. This combination of factors typically weighs on emerging market currencies like the rupee, prompting a weaker opening.
To stabilize the domestic currency, the Reserve Bank of India (RBI) is expected to continue its intervention in the forex market. The central bank has been actively selling dollars to prevent excessive volatility, and traders are watching closely for any moves near the 95.80-96.00 range.
Investors should keep an eye on global crude oil prices and the movement of U.S. bond yields. These external factors will be the primary drivers for the rupee's direction, while the RBI's intervention will determine how much support it provides to the currency.
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