Rupee closes marginally up three paise at 95.12 against U.S. dollar amid elevated crude oil prices
The Indian Rupee closed marginally higher at 95.12 against the U.S. dollar on Tuesday, supported by Reserve Bank of India interventions. Despite this, the currency remains under pressure due to elevated crude oil prices and consistent selling by foreign equity investors.
Why it matters
Currency fluctuations impact India's import costs, particularly for energy, and reflect broader economic stability concerns in emerging markets.
Rupee closes marginally up three paise at 95.12 against U.S. dollar amid elevated crude oil prices left Image used for representational purposes only. Getty Images/iStockphoto Getty Images/iStockphoto https://th-i.thgim.com/public/news/national/m4aqf7/article71631136.ece/alternates/FREE_1200/iStock-2230740487%202.jpg desifoto One hundred dollar US currency paper note with a stack heap of 500 Rupees Indian currency full frame money cash background. In the interbank foreign exchange market, the rupee opened at 95.17 and traded in a tight range of 95.09 to 95.24 before closing at 95.12 (provisional) against the greenback, up 3 paise from its previous close Mumbai The rupee closed marginally up by 3 paise at 95.12 (provisional) against the U.S. dollar on Tuesday (October 27, 2026), backed by likely intervention from the Reserve Bank amid elevated crude oil prices and a stronger greenback ahead of the U.S. Federal Reserve's policy decision.
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