{
  "id": 16589125,
  "title": "Indian rupee weakens for third session as importers step up dollar bids, foreign outflows bite",
  "url": "https://urgent.news/2026/10/26/indian-rupee-weakens-for-third-session-as-importers-step-up-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-26T10:14:54.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40445984/indian-rupee-weakens-for-third-session-as-importers-step-up-dollar-bids-foreign-outflows-bite"
  },
  "original_language": "en",
  "account": "Mumbai witnessed the Indian rupee weakening for the third day in a row on Monday. Importers intensified dollar purchases, while soaring oil prices and foreign outflows added pressure to the local currency. The rupee commenced the trading day at par with the US dollar but ended the session at 95.1850, marking a 0.3% decline. Over the last three sessions, the Indian rupee has depreciated by approximately 0.8%.\n\nBrent crude prices surged for the third consecutive week last week and continued their upward trend, reaching around $115 per barrel on Monday. Rising oil prices could exacerbate India's import bill, intensify inflationary pressures, and undermine the rupee's sentiment. Moreover, they might prompt companies to bolster currency hedges and make foreign investors more reluctant to invest in Indian assets.\n\nVaibhav Shah, head of products, business strategy, and international business at Mirae Asset Mutual Fund, commented, \"If the geopolitical conflict persists, there will be pressure on oil prices, currency, and broader earnings recovery.\" He further noted that global capital is gravitating toward markets directly impacted by the chip and artificial intelligence boom.\n\nForeign investors had netted out nearly $5 billion worth of Indian equities in October, following similar outflows of $3.75 billion in September, according to depository data. The rupee had drawn support from Reserve Bank of India (RBI) dollar sales and inflows associated with the Jio Platforms Initial Public Offering (IPO) in recent trading sessions. However, the lack of such support on Monday left the rupee more vulnerable to importers' dollar demand, according to traders.\n\nThe focus now shifts to the US Federal Reserve's monetary policy decision on Wednesday, where a widely anticipated rate pause is expected, with attention on the trajectory of interest rates.",
  "summary": "MUMBAI: The Indian rupee declined for the third consecutive trading session on Monday as importers stepped up dollar purchases, while elevated oil prices and foreign outflows also weighed on the local currency. The Indian rupee opened little changed against the US dollar, but slipped to end at 95.1850, down 0.3% for the day. It has fallen about 0.8% in three sessions. Benchmark Brent crude jumped…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}