Indian rupee depreciates below 85 INR/USD by August 2026

Market overview

India's currency faces pressure from rising oil import costs and reduced foreign exchange reserves due to Modi's gold purchase pause. Current account deficit widens as oil bill swells, accelerating INR depreciation.

macro prediction market

Implied probability (Yes)

68%

More macro markets

• Labour loses 10% of its UK polling lead to Greens by 2027 — 68% Yes
• S&P 500 surpasses 6,500 by December 2027 — 70% Yes
• Highway Trust Fund revenue loss triggers 2027 infrastructure cuts — 60% Yes
• Australian coal exports to China fall 15% by Q4 2026 due to supply disruptions — 60% Yes
• Canadian dollar weakens against USD by 10% — 75% Yes
• Iran exports LPG volume rises 15% by Q4 2026 — 70% Yes
• US dollar strengthens against yuan by 5% within 6 months — 70% Yes
• NY budget passes with pension reform by June 30 — 70% Yes

Browse all macro markets →