INR extends losing streak as oil prices stay elevated | Capital Market News - Business StandardTuesday, August 18, 2026
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World Cup 2026 Home / Markets / Capital Market News / INR extends losing streak as oil prices stay elevatedINR extends
losing streak as oil prices stay elevated Last Updated : Aug 18 2026 | 11:04 AM IST The Indian rupee extends losing
streak in opening trades on Tuesday, weighed down by elevated crude oil prices and persistent demand for greenback. INR
opened at Rs 95.68 per dollar and recovered slightly to a high of 95.65 so far during the day. Brent crude near USD 91
per barrel increased oil-related dollar demand and the Reserve Bank's earlier-than-expected closure of the
concessional FCN (B) forex-swap facility raised concerns over future dollar inflows. Local equities also opened lower on
Tuesday as global bond yields surged on concerns that renewed energy inflation could keep interest rates elevated. The
benchmark BSE Sensex was down 310 points, or 0.4 percent, at 77,417 in early trade, while the NSE Nifty index dipped 65
points, or 0.3 percent, to 24,221. Powered by Capital Market - Live NewsDisclaimer: No Business Standard Journalist
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