Economy & Bankingv1 · 1 version
The Rupee in 2026
The rupee's slide against the dollar became 2026's most-watched market story. Trading near 91/USD in early March, it briefly crossed 95 before partly steadying, as the prolonged West Asia conflict kept crude and energy prices volatile and pushed the RBI's own inflation forecast higher. The central bank has stuck to its long-stated line — smooth disorderly volatility, do not defend a level — while quietly widening the dollar-inflow pipeline through swap windows for NRI deposits and overseas borrowings.
Last updated 14 July 20265 min read
Latest update
RBI's June 2026 MPC held repo rate at 5.25%, cut FY27 growth to 6.6% and raised inflation to 5.1% on West Asia spillovers; FCNR(B)/ECB/OFCB swap mobilisation reviewed 13 July with strong NRI response.
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