By Pranoy Krishna BENGALURU, May 6 (Reuters) - The Indian rupee is expected to hold its ground against the U.S. dollar, according to a Reuters poll of currency analysts who have clung to the same view despite the currency consistently weakening amid persistent foreign capital outflows from domestic markets.

The rupee fell 36 paise to 94.58 against US dollar in early trade on Friday, triggered by renewed fighting between the U.S. and Iran, threatened a fragile ceasefire. Sensex also declined 353.50 points to 77,491.02 in early trade; Nifty drops 109.25 points to 24,225.20.

The rupee falls 28 paise to 94.77 against the U.S. dollar amid geopolitical tensions and market uncertainties.

Under Sanjay Malhotra’s watch the Indian rupee slumped to multiple record lows, hit by global shocks from tariffs to the Iran war

The Bitcoin price market for May 7 is currently priced at 99.8% YES, slightly down from 100% 24 hours ago. Meanwhile, the WTI Crude Oil market for May 2026 is currently gathering attention with the potential for price increases due to geopolitical tensions.

Oil prices fall fast and foreign investors return to Indian equities, cutting dollar demand and reversing outflows. INR-hedged India equities (underweight) Underweight Indian equities that are most sensitive to FX translation and foreign outflows;

By Nimesh Vora MUMBAI, May 6 (Reuters) - The Indian rupee is expected to open higher on Wednesday, supported by a pullback in oil prices after U.S. President Donald Trump indicated a possible peace deal with Iran.

BMI forecasts the Indian rupee to trade broadly sideways around ₹95 per US dollar by end-2026, as Iran-related geopolitical risks, wider current account deficit and portfolio outflows weigh on the currency,