Indian Rupee Forecast to Hit 100 Per Dollar Despite RBI Intervention

Key Facts

1The RBI restricted the rebooking of cancelled foreign exchange derivative contracts to curb speculative bets on the rupee.

2The central bank ring-fenced the dollar demand of oil marketing companies from spot markets to reduce currency pressure.

The Reserve Bank of India (RBI) restricted the rebooking of cancelled foreign exchange derivative contracts to curb speculative bets on the local currency. CNBC reported that the central bank also ring-fenced the dollar demand of oil marketing companies from spot markets to reduce immediate pressure on the rupee.

Analysts forecast the Indian rupee may continue to weaken toward the 100-per-dollar psychological level despite these restrictive measures. This intervention follows data from October 12, 2026, which showed India's annual inflation rate reached 5.54%, exceeding the 5.4% forecast.