The Indian rupee is likely to remain under pressure this week as crude oil prices stay above $100 a barrel and global markets prepare for the U.S. Federal Reserve’s upcoming interest-rate decision. The rupee fell more than 1% last week, closing at Rs 95.55 per U.S. dollar on Friday. Higher oil prices and expectations of tighter U.S. monetary policy are adding pressure to both the currency and Indian government bonds. Brent crude remained above $100 a barrel amid concerns over potential supply disruptions following attacks involving energy infrastructure and shipping routes in the Middle East. Higher crude prices could increase India’s import bill and demand for dollars, putting further pressure on the rupee. Markets are also pricing in a strong possibility of a 25-basis-point Fed rate hike. Recent U.S. inflation data came in higher than expected, strengthening expectations of tighter monetary policy and supporting the dollar. Meanwhile, India’s August consumer inflation stood at 4.82%, adding to expectations of tighter domestic monetary policy in the coming months. The government bond market is also facing pressure. The benchmark 10-year government bond yield rose to 7.0233%, marking its fourth consecutive weekly increase. The yield has gained around 20 basis points over the previous three weeks. The Reserve Bank is scheduled to conduct Rs 1 trillion worth of government bond sales during the fortnight as part of its liquidity-management operations. The sales include Rs 500 billion initially, followed by Rs 250 billion each on September 21 and September 28. Market participants are expected to closely track crude oil prices, the U.S. Fed decision, foreign investment flows and the response to the upcoming bond sale. The rupee is expected to trade around Rs 95–Rs 95.80 per dollar, while the 10-year government bond yield is expected to remain around 6.98%–7.10%. For homebuyers, movements in inflation, bond yields and monetary policy could influence the broader borrowing environment and the outlook for home loan interest rates, making upcoming central-bank decisions important for those planning new property purchases or loan refinancing.