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The rupee slipped to a record low of about 95.35 per dollar as crude surged to roughly $126 per Brent barrel on concerns of renewed US strikes on Iran. The currency is down about 6% this year amid foreign investor outflows and a strong dollar.
India imports most of its oil, so higher crude and a weaker rupee raise domestic fuel and import prices, supporting continued dollar demand and pressure on the currency.
moneycontrol.comPriyadarshini MajiApr 30, 2026Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
