# Indian rupee nudges up, forward premiums slip heading into Fed policy decision - Markets - Business Recorder

> The rupee closed modestly higher on October 29 as likely RBI intervention supported it against month-end dollar demand. The rupee had dipped to 88.3450 intraday before closing at 88.1950, ahead of the Fed decision.

- Date: 2025-10-29 · published 2025-10-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/22694-indian-rupee-nudges-up-forward-premiums-slip-heading-into-fed-policy-decision
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

RBI intervention keeps the rupee stable against the dollar, which limits short-term swings in Indian import costs for feed ingredients.

## Sources

- brecorder.com: https://www.brecorder.com/news/40389863

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.