# The Reserve Bank of India (RBI) on Wednesday said it expects crude oil prices to average USD 85 per barrel and the rupee to be at 94 against the.

*business · news · 2026-04-08 · The Economic Times*

## Key points

- RBI now projects crude oil prices to average USD 85 per barrel in FY27.
- The rupee is expected to trade at 94 per US dollar in FY27, up from 88 in H2FY26.
- Crude oil prices briefly surged past USD 100 per barrel in March 2026 due to geopolitical tensions.
- The rupee posted its sharpest annual decline in 14 years in FY26, falling 9.88% against the dollar.

**Countries:** India

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/economy/policy/rbi-ups-crude-oil-exchange-rate-baseline-assumptions-for-fy27/articleshow/130105901.cms)

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