Rupee faces fresh pressure as oil stays above $100

The Indian Rupee remains vulnerable as crude oil prices stay above $100 a barrel, raising concerns about India's import bill and the broader currency outlook. Higher energy costs can worsen the country's trade balance and increase demand for dollars from importers.

The RBI is also closely watched by currency traders as it manages liquidity and market conditions. Recent foreign-exchange operations have helped influence forward premiums and can provide support, but sustained oil strength remains a major external headwind.

For USD/INR, the direction of crude prices and broader dollar moves will remain important. A prolonged oil shock could keep pressure on the Rupee even if the US Dollar is not broadly strong.

Traders will also monitor US inflation data and global risk sentiment, which could influence both the dollar and emerging-market currencies.