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India's Rupee Continues Decline Amid Oil Price Pressures, Near Historic Lows on May 14

Forex Commodities

2026-05-14 03:27:45

According to Jin10 on May 14, India's rupee is expected to remain under pressure on Thursday, hovering near historic lows amid persistent oil price-related headwinds. The prolonged elevated crude oil prices have increasingly strained the currency, prompting India's Prime Minister to recently call for reducing non-essential overseas travel and gold imports to preserve foreign exchange reserves. India has already raised gold import tariffs to curb its trade deficit. According to Nomura Securities, the Indian government may introduce additional policy measures in the coming weeks and months to address the worsening current account deficit driven by rising petroleum import costs.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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