Rupee gains 11 paise to 95.17 against dollar after Fed holds interest rates
Times of India 1 hr ago·29 Oct 2026, 5:54 am
The Indian rupee strengthened slightly on Thursday, gaining 11 paise to trade at 95.17 against the US dollar. This move came after the US Federal Reserve decided to hold interest rates steady, which led to a temporary dip in the dollar's value. The rupee's resilience is also supported by consistent buying by Foreign Institutional Investors (FIIs) in the Indian equity market.
For investors, this development suggests that the domestic currency may remain stable in the near term, barring any major external shocks. The focus now shifts to upcoming domestic economic data, particularly inflation figures, which will influence the Reserve Bank of India's policy stance. A stable rupee helps keep import costs in check and supports corporate earnings, making it a key factor to watch for market sentiment.
Key takeaways
- Category: Forex.
- AI reads the tone as positive (potentially bullish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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