Neutral impactForex
Rupee edges higher to 95.17 against dollar, but crude oil keeps pressure on currency
CNBC-TV18 1 hr ago·29 Oct 2026, 3:58 am
The Indian rupee opened slightly stronger against the US dollar on Thursday, trading at 95.17. This modest gain follows a recent period of weakness and comes as Asian currencies rallied after the US Federal Reserve signaled a more cautious approach to future interest rate hikes.
Investors are closely watching the currency market as a strong rupee can boost the value of foreign investments in India. However, the domestic currency remains under pressure due to the high cost of importing crude oil, which is a major expense for the country.
Moving forward, traders will focus on the price of oil and the upcoming US inflation data. These factors will determine if the rupee can sustain its current recovery or face further volatility.
Excerpt from CNBC-TV18
Published On Oct 29, 2026 | 09:28 IST Last Updated On Oct 29, 2026 | 09:28 IST The Indian rupee opened 5 paise higher at 95.17 against the US dollar on Thursday, tracking gains in Asian currencies following a mildly dovish US Federal Reserve decision. The Indian rupee opened at 95.17 against the US dollar on Thursday…Read the original at CNBC-TV18
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