# Markets Rally on RIL Earnings & GST Surge as Rupee Opens Stronger - India Today

> Indian equities opened higher on November 2 as the rupee opened at 94.89 per dollar and the Nifty rose past 23,200. Strong Reliance earnings, robust GST collections and cooling crude prices, which were around $101 a barrel, drove the gains.

- Date: 2026-11-02 · published 2026-11-02T06:10:41.730Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/74960-markets-rally-on-ril-earnings-and-gst-surge-as-rupee-opens-stronger-india-today
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Cooler crude lowers India's energy import bill and supports the rupee, easing pressure on feed-ingredient import costs. Strong domestic demand indicators suggest steady livestock and feed demand.

## Read by commodity

- BRENT: bearish ▼
- USDINR: neutral

## Sources

- indiatoday.in: https://www.indiatoday.in/india/video/markets-rally-on-ril-earnings-gst-surge-as-rupee-opens-stronger-ytvd-3030303-2026-11-02

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