$BTC Stalls Despite Softer US PPI as Rupee Approaches ₹95.5

The U.S. Producer Price Index (PPI) for July 2026 was released on August 13, showing wholesale prices unchanged at 0.0% Month-over-Month, falling short of the expected +0.2%. This softer inflation data would normally put downward pressure on the dollar, but the rupee's value against the U.S. Dollar remained steady in the ₹95.30, ₹95.50 range.

The PPI, which measures wholesale prices, showed a sharp slowdown to 4.7% YoY from 5.5% in June. The Core PPI, excluding food and energy, rose 0.2% MoM but dropped to 4.2% YoY. Goods prices fell 0.7%, led by a 3.1% drop in energy costs.

Bitcoin ($BTC), however, was not significantly affected by the softer PPI data as it continued to trade within a narrow range of $63,500, $63,700. For Indian traders, the rupee's value is crucial, and with the USD/INR near ₹95.5, Bitcoin's price in rupees remains high.

If the dollar price of Bitcoin falls, it may not necessarily translate to a proportional fall in the rupee price for Indian buyers due to the rupee's potential depreciation. A 5% decline in $BTC/USD would be expected to lead to a matching drop in INR if USD/INR remains at ₹95.4.