# Rupee edges higher to 94.89 against US dollar; how sustainable is the recovery - CNBC TV18

> The Indian rupee opened at 94.89 per dollar on November 2, extending a recovery from a record low of 95.28 reached in the prior session. The Friday rebound was attributed to heavy dollar selling by a large foreign bank, though traders could not identify the specific flows.

- Date: 2026-11-02 · published 2026-11-02T06:10:37.383Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/74954-rupee-edges-higher-to-94-89-against-us-dollar-how-sustainable-is-the-recovery
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

A stronger rupee lowers the rupee cost of dollar-priced feed imports such as soymeal and corn, but weakness across Asian currencies makes the recovery hard to sustain. Buyers should watch for renewed rupee weakness that would raise landed feed costs.

## Read by commodity

- USDINR: neutral

## Sources

- cnbctv18.com: https://www.cnbctv18.com/market/currency/rupee-edges-higher-against-dollar-how-sustainable-is-recovery-20024575.htm

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