Rupee falls 10 paise to 96.45 against U.S. dollar ahead of RBI monetary policy decision
The Indian rupee has depreciated against the U.S. dollar as markets anticipate the Reserve Bank of India's upcoming monetary policy decision. Analysts expect a potential interest rate hike to combat rising inflation and currency volatility.
Why it matters
Currency fluctuations and central bank policy shifts directly impact inflation, import costs, and overall economic stability in India.
The rupee depreciated 10 paise to 96.45 against the U.S. dollar in early trade on Wednesday (October 7, 2026) ahead of the Reserve Bank of India's monetary policy decision.
The rupee is under continuous pressure amid persistent outflows of foreign funds from domestic equities and strong U.S. dollar holding near multi-month highs above 102 (DXY), forex traders said.
Moreover, investors are keenly awaiting the RBI's monetary policy decision for further cues.
At the interbank foreign exchange, the rupee opened at 96.37, then lost ground and fell to 96.45, down 10 paise from its previous close.
On Tuesday (October 6, 2026), the rupee settled at 96.35 against the U.S. dollar.
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