USD/INR Climbs Over the Week, Rupee Weakens Against the Dollar
Compared with last week, the dollar has gained ground against the rupee, indicating a weekly upward trend in USD/INR. The chart shows the exchange rate moving from around ₹95.3–95.5 in the previous week to ₹96.57, an increase of roughly ₹1.1–₹1.3 per dollar (around 1.2–1.4%).
A stronger US dollar can increase the cost of imports for Indian buyers, including crude oil and petrochemical feedstocks that are priced in dollars. If the trend continues, import costs for polymers and related raw materials could remain under pressure.
Weekly Snapshot
USD/INR
Current Rate: ₹96.57 per USD
Weekly Trend: ▲ Up by approximately ₹1.2 (around 1.3%)
Market Impact: Rupee weakened against the US dollar
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