Government leadersEconomic data

Indian Rupee wipes out weekly gains as oil prices continue to rise

FXStreet23 October 2026, 06:07 UTCIndia

The Indian Rupee extends Thursday’s weakness against the US Dollar (USD) in Friday, wiping out almost entire gains made earlier this week. The USD/INR pair jumps to near 94.92 as surging oil prices due to Middle East tensions have weighed heavily on the Indian currency.

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Rajnath SinghGovernment leadersIndia22 October 2026, 13:04 UTC
Narendra ModiGovernment leadersIndia22 October 2026, 11:34 UTC
Subrahmanyam JaishankarGovernment leadersIndia22 October 2026, 09:49 UTC

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