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 investors anticipate a potential interest rate hike by the Reserve Bank of India. Market pressure is driven by foreign fund outflows and rising global oil prices.
Why it matters
Currency fluctuations and central bank policy shifts significantly impact India's inflation, import costs, and domestic equity market stability.
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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