Rupee exchange rate strengthened slightly to 95.11 per US dollar on October 27, 2026, from its previous close of 95.18, as traders pointed to likely dollar sales by the Reserve Bank of India.

Rupee exchange rate holds below 95.25

The Indian currency traded between 95.08 and 95.25 per dollar on Tuesday. Traders said RBI dollar sales limited further depreciation near 95.25. One trader said the central bank intervened through state-run banks.

The intervention was a trader assessment; the source did not provide confirmation from the central bank. A lower rupee-per-dollar figure indicates a stronger Indian currency.

Oil prices and dollar demand

The rupee gained despite high oil prices and foreign fund outflows. Brent futures were trading around $116 per barrel on Tuesday.

A private-sector bank trader said trading was heavily influenced by expectations of sizable dollar outflows associated with foreign institutional allocations, as well as dollar demand from oil companies.

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