The Indian rupee’s slide is no longer limited to the US dollar. Over the past year, the Indian currency has also weakened sharply against the Pakistani rupee, highlighting the broader pressure facing the INR amid rising oil prices, weak foreign inflows and global market uncertainty.
Data shows that 1 Indian rupee, which was equal to 3.2913 Pakistani rupees in May 2025, has now dropped to around 2.9010 Pakistani rupees in May 2026. That marks a fall of nearly 11.86% in one year, including a decline of about 6.8% in 2026 alone. The development comes at a time when the rupee has already hit a record low against the US dollar, falling to 96.96 per dollar on Wednesday.
