Rupee started the week on a weak note, opening 55 paise lower at 93.28 against the US dollar on April 13, 2026. The sharp fall reflects growing pressure on the currency due to rising crude oil prices and global uncertainty.
The main trigger behind the decline is the sudden jump in crude oil prices, which crossed $100 per barrel. This comes after tensions in the Middle East escalated, raising concerns about possible disruptions in oil supply. Since India depends heavily on oil imports, any increase in prices directly impacts the economy and weakens the rupee.
At the same time, the US dollar strengthened in global markets as investors shifted towards safer assets. This “risk-off” sentiment led to weakness across emerging market currencies, including the rupee.
Foreign institutional investors (FIIs) have also been pulling money out of Indian markets in recent sessions. This outflow of funds has added further pressure on the currency. Weakness in domestic equity markets also contributed to the negative sentiment.
In early trade, the rupee continued to hover near its lowest levels, with limited support from exporter dollar sales. Market participants are also cautious due to rising bond yields globally, which tend to attract investments away from emerging markets.
Also Read: Gold Around ₹1.52 Lakh, Silver Slides to ₹2.38 Lakh