empty
 
 

27.03.202603:27:51UTC+00Indian Rupee Firms After Hitting Record Low

The Indian rupee strengthened to around 94.1 per dollar, rebounding from a record low, as markets priced in expectations that the Reserve Bank of India will keep its key repo rate unchanged at 5.25% on April 8 and maintain this stance at least through mid-2027. Persistently low inflation, running below the RBI’s 4% medium-term target, together with steady economic growth, has reinforced investor confidence and given the central bank greater leeway to manage the fallout of the US–Israel–Iran conflict on oil prices and overall price stability.

Sentiment improved further after Iran allowed India and several other “friendly nations” to continue using the strategic Strait of Hormuz for commercial shipping, easing worries over potential LPG and petrol supply disruptions. By securing sea-lane access for India and key trading partners, the move helps mitigate energy supply risks and offers additional support to the rupee amid ongoing geopolitical tensions.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback