Loading article…
Rupee likely to open between 96.08‑96.12 after US 10‑yr yield hits 4.63% and Brent crude tops $111, sparking risk‑off sentiment.
The Indian rupee is expected to open weaker on Monday, trading in a 96.08‑96.12 band, after Friday’s close at 95.9650 and an all‑time low of 96.1350 per dollar [1]. The slide follows a fresh surge in U.S. Treasury yields— the 10‑year benchmark rose four basis points to 4.625%—and a near‑2% jump in Brent crude to $111.34 a barrel, both fueling a risk‑off mood across emerging markets [1].
Traders say the RBI stepped in on Friday, pushing the rupee back above the 96 mark, but the central bank is likely to focus on tempering the pace of decline rather than reversing it [1]. Higher yields raise the cost of holding dollars, while soaring oil prices stoke inflation concerns in India, a net oil importer. The dollar index climbed to 99.40, and the Indonesian rupiah fell more than 1%, underscoring the broader pressure on Asian currencies [1].
Geopolitical tensions added to the mix. A nuclear plant in the United Arab Emirates was attacked, and President Donald Trump is expected to discuss military options on Iran, keeping the Iran‑U.S. conflict unresolved and pushing yields higher [1]. The combination of tighter U.S. monetary expectations, elevated oil prices, and heightened geopolitical risk has already dented regional equity indices, which fell in line with U.S. futures [1].
The rupee’s trajectory will hinge on how the RBI balances intervention with market forces. If yields keep climbing and oil stays above $110, the currency could test the 96.12 ceiling again. Conversely, any de‑escalation in the Middle East or a pullback in U.S. yields may give the rupee room to stabilise. The next move will reveal whether the RBI can shield the currency from external shocks or if the broader risk‑off wave will force further depreciation.
Coverage is mostly measured — 215 of 300 reports stay neutral.
Every Monday — the token unlocks, Fed dates & catalysts set to move crypto and markets this week. So you’re never blindsided.
Free · 3-min read · one-click unsubscribe
Oil is a trending topic in the news. Recent coverage of Oil includes: May rewired global energy markets - Yahoo Finance.
10 news sources analyzed
Based on our analysis of recent news articles, Oil has mixed coverage. Check the sentiment score above for detailed analysis.
TrendWatcher aggregates Oil news from 100+ trusted sources and provides AI-powered sentiment analysis updated in real-time.
AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 5 outlets · Jun 14, 2026 · How we report