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

GateNews

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 parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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