# Rupee falls 21 paise to 94.97 against U.S. dollar in early trade - The Hindu

> The rupee fell 21 paise to 94.97 per dollar in early trade on November 2 amid broad dollar strength overseas. Brent crude was trading about 3% lower at $109.95 a barrel, which cushioned the rupee's decline.

- Date: 2026-11-02 · published 2026-11-02T06:10:38.986Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/74955-rupee-falls-21-paise-to-94-97-against-u-s-dollar-in-early-trade-the-hindu
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Softer crude reduces India's import bill and inflation pressure, which supports the rupee and eases pressure on import-dependent feed costs. A rebound in oil would push the rupee weaker and raise costs.

## Read by commodity

- BRENT: bearish ▼
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-01-24 | [Rupee down 7 paise to end at 71.33  - The HinduBusinessLine](https://feedsoft.ai/events/55367-rupee-down-7-paise-to-end-at-71-33-the-hindubusinessline.md) | -5.9% | -3.6% |
| BRENT | 2026-09-18 | [Ringgit opens higher against US dollar as oil prices ease \| The Star](https://feedsoft.ai/events/17729-ringgit-opens-higher-against-us-dollar-as-oil-prices-ease-the-star.md) | -0.3% | +5.0% |
| BRENT | 2018-12-01 | [Rupee gains past 70 a dollar for first time in 3 months: 5 things to know](https://feedsoft.ai/events/62320-rupee-gains-past-70-a-dollar-for-first-time-in-3-months-5-things-to-know.md) | +6.0% | -10.4% |
| BRENT | 2020-03-22 | [Ringgit opens lower against US dollar in early session \| Malaysiakini](https://feedsoft.ai/events/54380-ringgit-opens-lower-against-us-dollar-in-early-session-malaysiakini.md) | -10.0% | -19.8% |
| BRENT | 2018-12-01 | [Indian rupee soars 77 paise, under 70 per dollar mark after 3 months](https://feedsoft.ai/events/62324-indian-rupee-soars-77-paise-under-70-per-dollar-mark-after-3-months.md) | +6.0% | -10.4% |

## Sources

- deccanchronicle.com: https://www.deccanchronicle.com/business/economics/rupee-falls-21-paise-to-9497-against-us-dollar-in-early-trade-2000987
- thehindu.com: https://www.thehindu.com/business/markets/rupee-falls-21-paise-to-9497-against-us-dollar-in-early-trade/article71655318.ece

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