Now Reading: Rupee ends 13 paise higher at 95.15 after RBI decision
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Rupee ends 13 paise higher at 95.15 after RBI decision
The rupee rose 13 paise to close at 95.15 against the US dollar on Wednesday, after the Reserve Bank of India held its repo rate at 5.25% for a third straight policy…
The Story in Brief
The rupee rose 13 paise to close at 95.15 against the US dollar on Wednesday, after the Reserve Bank of India held its repo rate at 5.25% for a third straight policy meeting in FY27. The six-member Monetary Policy Committee unanimously retained its neutral stance.
The rupee opened at 94.90 and moved between 94.89 and 95.25. Traders cited softer crude prices, a weaker dollar and lower US Treasury yields. The Hindu reports Brent crude was at $80.75 a barrel in futures trade, down sharply from above $100 in July. The Sensex gained 152 points, while foreign investors bought Rs 2,446.47 crore of Indian equities on Tuesday.
The Indian Opinion
The easy story is that an RBI pause automatically strengthens the rupee, while the opposite camp blames every move on domestic policy. Neither fits this session. Oil prices, the dollar, US yields and West Asia tensions mattered alongside the unchanged rate. The rupee also remains near record-weak levels, so a 13-paise rise is modest. The useful test is whether it can hold below 95 over several sessions without heavy RBI support.
Sources (2): thehindu.com, thehindu.com (2)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
