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Rupee rises to 95.15 after RBI keeps repo rate unchanged
The rupee strengthened 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 the third consecutive policy…
The Story in Brief
The rupee strengthened 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 the third consecutive policy meeting in FY27. The six-member Monetary Policy Committee retained its neutral stance unanimously.
Traders attributed the gain to softer crude prices, a weaker dollar and lower US Treasury yields. The rupee moved between 94.89 and 95.25 during the session. RBI Governor Sanjay Malhotra said the currency could strengthen if geopolitical tensions ease, while the central bank would seek an orderly trajectory. The Sensex rose 152.05 points and the Nifty added 9.75 points.
The Indian Opinion
Claims that the RBI’s unchanged rate has immediately fixed the rupee are overstated, just as fears of an uncontrolled slide ignore the day’s narrow trading range. The currency remains exposed to oil prices, US yields, foreign flows and West Asia tensions. A single stronger close proves little. The useful test is whether the rupee can hold below 95.50 while capital inflows continue and crude stays well below July’s levels.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
