business / news / / Outlook Business
The Reserve Bank of India said it expects crude oil prices to average $85 per barrel and the rupee to be at 94 against the dollar in FY27.
RBI now projects crude oil prices at $85 per barrel for FY27, up from $70 for H2FY26.
KEY POINTS
- The rupee is expected to average 94 per US dollar in FY27, up from 88 in H2FY26.
- Crude oil prices dropped to $63 per barrel in late 2025 but surged past $100 in March 2026.
- The rupee posted its largest annual decline in 14 years in FY26, depreciating 9.88% against the dollar.
- INR breached 95 per US dollar intraday in March 2026 amid West Asia conflict concerns.
COMPANIES
Summarized by Newsio from Outlook Business. How we summarize →