Oct 13: rupee gains 1.5% after RBI steps in; long US Treasury yields fall
The Indian rupee gained 1.5% in one day to 95.28 per dollar on Oct 13 and reached 94.96 by Oct 16, after the Reserve Bank of India (RBI) defended the 97 level. Long US Treasury yields also fell.
A data update from FactIQ, written from Federal Reserve Board figures. What is FactIQ?
Key figures
- Indian rupees per US dollar, Oct 16
- 94.96after a 1.5% one-day gain to 95.28 on Oct 13, from 96.73 on Oct 92026-08-102026-10-16Indian Rupee
- 10-year US Treasury yield, Oct 16
- 5.09%down from 5.31% on Oct 52026-08-102026-10-16Market yield on U.S. Treasury securities at 10-year constant maturity, quoted on investment basis
- 30-year US Treasury yield, Oct 16
- 5.43%down from 5.67% on Oct 72026-08-102026-10-16Market yield on U.S. Treasury securities at 30-year constant maturity, quoted on investment basis
- Chinese yuan per US dollar, Oct 16
- 6.6861strongest this year; ended 2025 at 6.99312026-08-102026-10-16Chinese Yuan
The rupee had its largest one-day gain in 60 days of data
The Federal Reserve's H.10 release gives daily exchange rates against the US dollar. It quotes the rupee as rupees per dollar, so a lower figure means a stronger rupee. The rate fell from 96.73 per dollar on Oct 9 to 95.28 on Oct 13. This 1.5% gain was the largest one-day move in the 60 days of data reviewed. The rupee reached 94.96 by Oct 16. The Reserve Bank of India (RBI) drew a line at 97 and added new measures, including a dollar window for state oil refiners.Long-term Treasury yields fell from their early-October highs
Treasury yields show what investors earn for lending to the US government. Many other borrowing costs follow them. The 10-year constant-maturity yield, which is adjusted to a fixed 10-year term, was 5.09% on Oct 16. It was 5.31% on Oct 5. The 30-year yield was 5.43%, down from 5.67% on Oct 7. Most of the 10-year drop came from the inflation-protected yield, which fell from 2.95% to 2.74%. The implied 10-year inflation rate stayed flat at about 2.35%.Short-term rates are consistent with expected Federal Reserve rate increases
- The 2-year yield rose to 4.82% on Oct 14, after the September consumer price index (CPI) came in hot. It then eased to 4.74%.
- The 3-month yield is 4.26%. That is about 38 basis points (hundredths of a percentage point) above the federal funds effective rate, the overnight rate banks charge each other, which held at 3.88%. This gap fits with markets pricing in rate hikes.
The yuan reached its strongest level this year while the yen weakened
The Chinese yuan rose to 6.6861 per dollar, its strongest this year. It ended 2025 at 6.9931. The Korean won firmed to 1,334.03 from 1,343.31 the day before. The Japanese yen hit its weakest level of the period, 158.84, on Oct 14 and closed the week at 158.00. The Nominal Broad Dollar Index measures the dollar against a wide range of currencies. It peaked at 122.00 on Oct 14 and ended at 121.40.Source: Federal Reserve Board. See all FRB data in FactIQ.
About FactIQ and these updates
- What FactIQ is. FactIQ is a database of official statistics from government agencies, central banks and international organisations in the US, China, India, Europe and elsewhere. AI assistants such as Claude and ChatGPT connect to it to look up the exact figures and cite the agency that published them. It also holds what companies report in their filings and say on their earnings calls.
- How an update is made. When Federal Reserve Board publishes new figures, FactIQ loads them and an AI model writes a short summary of what changed. Before it is published, code checks that every number in the summary matches FactIQ's record of the release, and a second review checks that nothing is overstated. Values that look like errors in the source data are left out.
- Where the numbers come from. Each key figure links to the full series, with its source, units and history.