Rupee rises as RBI caps gains, foreign inflows hit record

The Reserve Bank of India stepped in on Monday to limit the rupee’s rise, dealers said. The currency has still appreciated 0.97% in FY27, while the Korean won gained over 11% and the Chinese renminbi rose 3.06%. Foreign investors purchased about ₹38,971 crore in Indian equities last week, including roughly ₹38,500 crore in the secondary market. The RBI’s forward foreign‑exchange book showed a net short position of $239 billion against the dollar as of September 2026. Crude oil prices have fallen close to 20% from recent peaks, which has supported the rupee, analysts note. In early October the RBI opened a special window allowing public‑sector oil companies to lower their dollar demand.