Forex

RBI raises interest rate to 5.5% as rupee weakens against the dollar

Guavy AI Editorial Team Published October 7, 2026

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USD

The Indian rupee weakened to 96.62 against the US dollar, reflecting broader market pressures and economic adjustments. In response, the Reserve Bank of India (RBI) raised its interest rate to 5.5% during its October policy meeting, a move aimed at stabilizing the currency and curbing inflation.

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