USD INR Hits Fresh Yearly Low Amid Rising Crude Prices and FPI Outflows

The USD INR pair weakened further as of 15 May 2026, closing at a fresh yearly low of 95.97, compared to 94.44 on 8 May 2026, amid rising crude oil prices and persistent foreign portfolio investor outflows. The pressure on the rupee intensified as higher energy import costs and continued capital outflows weighed on market sentiment. On a weekly basis, USD INR recorded a movement of -1.62%, while monthly performance stood at -2.77% compared to 93.38 on 15 April 2026. Quarterly trends also remained weak, with the pair down -5.99% from 90.55 recorded on 15 February 2026. Year-on-year, USD INR showed a decline of -12.32% against 85.44 on 15 May 2025, reflecting sustained depreciation pressure over the past 12 months. The latest closing level of 95.97 on 15 May 2026 now stands as the pair’s new yearly low, signaling continued weakness in the domestic currency market. Meanwhile, the pair remains -12.80% below the yearly high of 85.08 recorded on 26 May 2025, highlighting the sharp divergence between yearly highs and current trading levels. Market participants are closely monitoring crude oil trends, global dollar strength, and foreign investment flows, as these factors are expected to remain key drivers for USD INR movement in the near term.Disclaimer: PolyMart does not offer guarantees regarding the accuracy, reliability, or completeness of the information provided on its platform. Users are advised to independently verify any data before relying on it for decision-making purposes.