Rupee rises 32 paise as forex measures and lower crude support sentiment IANS | 15 Oct, 2026 The Indian rupee strengthened by 32 paise to 94.85 against the US dollar in early trade on Thursday, extending its recent gains amid continued support from the Reserve Bank of India's forex management measures and a softer greenback.
India's wholesale price inflation (WPI) came in at 11.39 per cent in September against 9.92 per cent in August amid higher prices of fuel, crude petroleum, food articles and several manufactured products, according to provisional data released by the government on Wednesday.
The war in the Middle East and the closure of the Strait of Hormuz will push the Middle East and Central Asia region into contraction this year, with several Gulf oil producers facing double-digit declines, the International Monetary Fund said on Tuesday.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said financial markets can often behave irrationally in the short term and suggested that several indicators point to the rupee being undervalued rather than overvalued.
The 57th GST Council meeting has been rescheduled to October 8 from October 7 due to unavoidable circumstances, the GST Council Secretariat said in an office memorandum.
