The rupee exchange rate closed 3 paise higher at a provisional 95.12 per US dollar on October 27, 2026, as traders weighed elevated crude oil prices and a stronger US currency ahead of the Federal Reserve’s policy decision.

Key Takeaways

  • The rupee traded between 95.09 and 95.24 per dollar during the session.
  • A Mirae Asset Sharekhan analyst cited likely Reserve Bank of India intervention, though intervention was not confirmed.

Rupee exchange rate recovers modestly

The currency opened at 95.17 per dollar in the interbank market before closing at 95.12. It had settled at 95.15 on Monday after falling 22 paise in its third consecutive daily decline.

Anuj Choudhary, a research analyst at Mirae Asset Sharekhan, attributed Tuesday’s modest gain partly to likely intervention by the Reserve Bank of India. He said higher crude prices, weak domestic markets and a positive US dollar limited the rupee’s gains.

Oil and foreign selling remain in focus

Brent crude futures traded at $115.73 per barrel, down 0.07% but near a six-month high. The dollar index, which measures the US currency against six peers, was up 0.06% at 101.86.

Foreign institutional investors sold a net ₹1,462.49 crore of Indian equities on Monday, exchange data showed. Choudhary expected the rupee to trade with a negative bias and forecast a spot range of 94.85 to 95.50 per dollar; that range is an analyst estimate, not a guaranteed outcome.

Next milestone

The next confirmed event in focus is the US Federal Reserve’s policy decision.

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