# INDIA RUPEE-Rupee nudges higher as oil prices slide, NDF points outpace onshore premiums | MarketScreener

> The Indian rupee nudged higher as oil prices slid, with non-deliverable forward rates pointing to a stronger open than onshore premiums. The index data shown in the piece records a 5-day change of -2.11% and a year-to-date gain of +85.84%.

- Date: 2026-11-02 · published 2026-11-02T09:10:54.933Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/75268-india-rupee-rupee-nudges-higher-as-oil-prices-slide-ndf-points-outpace-onshore
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude prices reduce India's import bill and ease pressure on the rupee, which can slightly lower the cost of imported oilseed and feed ingredients priced in dollars.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-07-28 | [Sterling slips as oil slides, US rate hike bets grow \| MarketScreener UK](https://feedsoft.ai/events/18614-sterling-slips-as-oil-slides-us-rate-hike-bets-grow-marketscreener-uk.md) | +2.6% | +5.9% |
| BRENT | 2023-03-07 | [Oil and Gold Prices Slump As Powell Signals Further Rate Hikes to Come - Markets Insider](https://feedsoft.ai/events/36780-oil-and-gold-prices-slump-as-powell-signals-further-rate-hikes-to-come-markets.md) | -6.7% | -0.8% |
| BRENT | 2021-08-19 | [Falling oil prices increase pressure on oilseed markets](https://feedsoft.ai/events/11363-falling-oil-prices-increase-pressure-on-oilseed-markets.md) | +5.5% | +9.8% |
| BRENT | 2022-04-25 | [Oil Price: Crude Down on China COVID Lockdowns and Fed Rate Outlook - Markets Insider](https://feedsoft.ai/events/42016-oil-price-crude-down-on-china-covid-lockdowns-and-fed-rate-outlook-markets.md) | +2.8% | +6.8% |
| BRENT | 2021-04-21 | [Oil prices drop as India’s COVID-19 surge dents demand outlook \| Reuters](https://feedsoft.ai/events/47759-oil-prices-drop-as-india-s-covid-19-surge-dents-demand-outlook-reuters.md) | +0.6% | +4.4% |

## Sources

- marketscreener.com: https://www.marketscreener.com/news/india-rupee-rupee-nudges-higher-as-oil-prices-slide-ndf-points-outpace-onshore-premiums-ce785fd8dc8ff726
- marketscreener.com: https://www.marketscreener.com/news/rupee-s-surprise-friday-recovery-faces-test-from-weak-peers-fragile-risk-ce785fd8dd81f025

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