On Friday, the Indian rupee appreciated by 0.3%, closing at ₹92.9250 after a series of measures by the Reserve Bank of India (RBI) aimed at curbing dollar demand from state-run oil companies. This follows a recovery from a record low of ₹95.21 per dollar on March 30. The RBI has implemented crisis-era tools to support the currency, which has been under pressure from foreign portfolio outflows and concerns regarding India's current account balance. The rupee reached a one-week high of ₹92.66 during trading. Despite these recent gains, the rupee is still the weakest currency among major Asian peers in 2026, primarily due to weak capital flows and the economic impact of high energy prices. Analysts note that while countries like Japan and South Korea have robust reserves to manage fuel costs, India, along with the Philippines and Indonesia, faces greater vulnerability due to thinner economic buffers. Investors are also closely monitoring potential discussions between the U.S. and Iran that could affect oil prices, which recently saw Brent crude futures drop by 2% to $97 per barrel.