Rupee falls 22 paise to 96.57 against U.S. dollar post RBI rate increase
Representative image. | Photo Credit: Getty Images/iStockphoto The rupee depreciated 22 paise to 96.57 against the U.S. dollar in early trade on Wednesday (October 7, 2026), after the Reserve Bank of India raised the key benchmark policy rate by 25 basis points to 5.5%. Market analysts said the RBI’s rate hike reflects rising cyclical inflation…
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