ForexMedium•13 October 2026•
1 min read
Indian Rupee Recovers Against Dollar on RBI Intervention and Inflation Data
Key Facts
1The USD/INR pair fell below the 95.20 level as the Indian Rupee continued its recovery from recent lows.
2MUFG forecasts continued pressure on the Rupee due to oil costs despite tightening by the Reserve Bank of India.
The USD/INR pair fell below the 95.20 level as the Indian Rupee continued its recovery from recent lows. Exchange Rates UK reported that the strengthening follows interventions by the Reserve Bank of India and market adjustments to domestic inflation data.
MUFG forecasts persistent pressure on the Rupee due to high energy costs despite the central bank's tightening stance. The Reserve Bank of India issued an interest rate decision on October 7, 2026, raising the rate to 5.5% from the previous 5.25%.