“Naveen Mathur suggests that if WTI crude oil prices remain at or above $100 per barrel, the sentiment for the Indian Rupee will be negative. This is due to India's high import dependency, which would lead to a larger import bill and consequently widen the current account deficit, putting pressure on the currency.”
Naveen Mathur’s track record: 3 graded calls · 95% CI 21–94%
Crude OilBearishCalled 19 Mar 2026Graded 24 Aug 2026
Crude Oil rose from ₹98.32 to ₹107.77, fulfilling the condition for negative sentiment on the Indian Rupee.
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