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The rupee opened flat at 94.96 per dollar on November 2 as crude oil fell about $2 to $111.35 a barrel on progress in US-Iran talks. Weak Asian currencies and a selloff in US technology stocks limited the support for the rupee.
Lower crude eases India's import costs and inflation risk, supporting the currency and reducing pressure on feed-ingredient import costs. Renewed tensions that lift oil would weigh on the rupee again.
moneycontrol.comAnupreksha JainNov 2, 2026Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
