01 Oct 2025 | 3 Mins Read
Rupee gains as dollar weakens, RBI holds interest rates steady
Flipitmoney
The Indian rupee rose 0.1% to 88.69 against the US dollar, its best day in two weeks. This follows the Reserve Bank of India keeping policy rates unchanged and a US government shutdown causing the dollar to slip to a one-week low against major peers. The central bank also announced measures to boost bank lending and the rupee's international usage.