Neutral impactForex
Rupee opens 10 paise higher at 95.02 against dollar; Fed decision in focus
CNBC-TV18 1 hr ago·28 Oct 2026, 3:56 am
The Indian rupee strengthened slightly at the start of the trading session, gaining 10 paise to trade at 95.02 against the US dollar. This modest uptick reflects a cautious approach from investors as they await a key policy decision from the US Federal Reserve later in the day. The currency's movement is closely tied to global risk sentiment and the central bank's stance on interest rates.
For investors, the rupee's direction will likely hinge on the Fed's announcement and its implications for global liquidity. A dovish stance could support emerging market currencies like the rupee, while a hawkish outlook might exert pressure. Additionally, movements in crude oil prices will remain a critical factor to watch, as they directly impact India's import bill and trade deficit.
Excerpt from CNBC-TV18
Published On Oct 28, 2026 | 09:26 IST Last Updated On Oct 28, 2026 | 09:26 IST The Indian rupee opened 10 paise higher at 95.02 against the US dollar as investors awaited the US Federal Reserve decision and monitored crude oil prices. The Indian rupee opened 10 paise higher at 95.02 against the US dollar on Wednesday…Read the original at CNBC-TV18
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