ForexMedium•13 October 2026•
1 min read
Indian Rupee Hits One-Month High as RBI Tightens Forex Rules
Key Facts
1USD/INR fell toward 95.20 as the Reserve Bank of India introduced new foreign exchange restrictions to contain dollar demand.
USD/INR fell toward 95.20 as the Reserve Bank of India (RBI) introduced new foreign exchange restrictions. Reuters reported that these measures were designed to contain dollar demand and mitigate currency volatility, pushing the rupee to its highest level in one month.
The currency's recovery coincided with Brent crude futures declining approximately 1.1% toward $105.47 per barrel on October 13, 2026, which reduced energy import concerns. According to InvestingCube, the central bank expanded its forex restrictions to include cash reserve requirements on a broader range of hedging transactions, following reports that India's annual inflation reached 5.54% in September.