Currency experts have warned that the Indian rupee may fall to 100 per dollar mark in the near term due to rising crude oil prices, persistent foreign investor outflows, global uncertainty and geopolitical tensions. Rupee has depreciated by around 6% to 7% against the US dollar this year. The currency started the year near the 89 mark and has now fallen to a historic low beyond 96 per US dollar. Experts said the pace of depreciation in recent weeks has raised concerns in financial markets. The speed of the rupee’s descent since May 11 has caught the market off guard, yet both the regulator and North Block have remained notably silent. -Currency expert K N Dey to ANI According to Dey, aggressive selling by foreign institutional investors (FIIs) has been one of the major reasons behind the rupee weakness. He said institutional investors have already pulled out ₹2.65 lakh crore from Indian markets in 2026, close to last year’s total outflow of ₹3.04 lakh crore. With no bottom in sight, trying to forecast a stabilisation point is pure guesswork, and even a psychological slide to 100 is now on the table. -K N Dey Ajay Suresh Kedia, Director at Kedia Advisory told ANI, that the rupee continues to face sustained pressure because of strong dollar demand and rising crude oil prices. The Indian Rupee remains under sustained pressure as the dollar index stays firm near 99 while rising crude oil prices continue inflating India’s import bill. -Ajay Kedia to ANI Former UN Advisor and economist Santosh Mehrotra also expressed concern over the impact of geopolitical tensions and external pressures on the Indian currency. What has happened in the last three months is that the rupee has gone from under 90 rupees to nearly 96 to a dollar. Now this is going to have its own inflationary impact. -Former UN Advisor and economist Santosh Mehrotra Experts believe that rising crude oil prices, global financial uncertainty, foreign investor selling and geopolitical tensions are likely to remain the key factors influencing the rupee’s movement in the near term. Post navigation Tourist dies during fight between 2 elephants in K’taka:Woman watching elephant bath crushed underneath
