business / news / / The Economic Times
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.
RBI now projects crude oil prices to average USD 85 per barrel in FY27.
KEY POINTS
- 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.
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