# Rupee may fall beyond 71 a dollar by next year on rising oil: DBS Group | News on Markets - Business Standard

> DBS Group's chief economist forecasts the rupee could weaken beyond 71 per dollar by June next year as rising oil prices widen India's current-account deficit. The rupee touched a record low of 69.0925 on Thursday.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/64792-rupee-may-fall-beyond-71-a-dollar-by-next-year-on-rising-oil-dbs-group-news-on
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A bearish rupee forecast tied to higher oil prices points to persistently costly energy imports and constrained Indian demand for imported feed ingredients. The outlook is a forecast rather than a new supply or demand shock.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-03 | [Rupee ends 4-day winning run, drops 88p at 70.46 per dollar on oil price \| Money & Forex Markets - Business Standard](https://feedsoft.ai/events/61852-rupee-ends-4-day-winning-run-drops-88p-at-70-46-per-dollar-on-oil-price-money.md) | +6.0% | -10.4% |
| BRENT | 2022-01-27 | [Bond yields rise, rupee falls on US Federal Reserve policy and crude prices \| News on Markets - Business Standard](https://feedsoft.ai/events/43416-bond-yields-rise-rupee-falls-on-us-federal-reserve-policy-and-crude-prices-news.md) | -0.2% | +8.2% |
| BRENT | 2026-04-30 | [Rupee hits fresh low past 95/$ as oil surge pushes bond yields above 7% \| Markets News - Business Standard](https://feedsoft.ai/events/20011-rupee-hits-fresh-low-past-95-as-oil-surge-pushes-bond-yields-above-7-markets.md) | -15.3% | -21.9% |
| BRENT | 2026-04-30 | [Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh \| Markets News - Business Standard](https://feedsoft.ai/events/20009-rupee-hits-record-low-analysts-flag-96-97-levels-as-oil-fed-stance-weigh.md) | -15.3% | -21.9% |
| BRENT | 2024-02-09 | [Indian rupee weakens slightly on dollar demand from state-run banks, importers - Markets - Business Recorder](https://feedsoft.ai/events/31968-indian-rupee-weakens-slightly-on-dollar-demand-from-state-run-banks-importers.md) | +1.5% | +1.9% |

## Sources

- business-standard.com: https://www.business-standard.com/article/markets/rupee-may-fall-beyond-71-a-dollar-by-next-year-on-rising-oil-dbs-group-118062800566_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.