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Rupee Trades in Narrow Range Against U.S. Dollar in Early Trade

Summary by The Hindu
The rupee hovered around the crucial 96 mark on Monday (October 5, 2026), pressured by elevated crude oil prices and sustained foreign fund outflows, as the RBI’s rate decision is due

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Amid high crude oil prices, the Reserve Bank of India may raise the repo rate by 0.25% on October 7. Twenty out of 21 economists believe the rate could reach 5.50% to curb runaway inflation.

RBI MPC Meeting: There is a possibility of a 25 basis point increase in interest rates in the RBI MPC meeting, due to inflation and global economic pressures, the difficulties of loan takers may increase.

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chitralekha broke the news on Sunday, October 4, 2026.
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