# Rupee jumps 1% as RBI redirects oil dollar demand and raises some FX hedge costs

https://mins.news/en/item/95870

- Reuters, 2026-10-12 04:50 UTC
- Economy
- Original: https://www.reuters.com/world/india/rupee-jumps-1-after-rbi-redirects-oil-dollar-demand-raises-cost-some-fx-hedges-2026-10-12/?link_source=ta_bluesky_link&taid=6acc66fd53e315000176d1d8

> The Indian rupee rose 1% at Monday’s open after the central bank shifted oil companies’ dollar purchases away from the spot market and moved to curb corporate demand for forward dollars, easing pressure on the currency.

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