Reserve Bank of India on Wednesday revised its baseline assumptions for crude oil prices and the rupee for FY27, indicating a more cautious macro outlook.
In its bi-annual monetary policy report, the central bank projected crude oil prices to average $85 per barrel in FY27, up from $70 per barrel estimated for the second half of FY26.
The RBI also revised its exchange rate assumption, expecting the rupee to average around 94 against the US dollar in FY27, compared to 88 projected earlier.
The upward revision reflects evolving global uncertainties and potential pressures from higher commodity prices and currency movements.