# Rupee Falls 21 Paise To 94.97 Against US Dollar, Strong Greenback Weighs Despite Falling Crude Oil Prices

> The rupee weakened 21 paise to 94.97 against the US dollar in early trade on November 2, after closing at 94.76 the previous Friday. The dollar index rose 0.07% to 101.94, while Brent fell 3.07% to $109.95 a barrel.

- Date: 2026-11-02 · published 2026-11-02T09:10:54.982Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/75269-rupee-falls-21-paise-to-94-97-against-us-dollar-strong-greenback-weighs-despite
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker rupee raises the local-currency cost of dollar-priced imports, partly offsetting the benefit of falling crude and supporting the cost of imported feed ingredients for India.

## Read by commodity

- DXY: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-06-30 | [Rupee weakens further amid strong dollar, rising oil prices - Daijiworld.com](https://feedsoft.ai/events/46886-rupee-weakens-further-amid-strong-dollar-rising-oil-prices-daijiworld-com.md) | +0.8% | +0.8% |
| DXY | 2022-08-29 | [Baht weakens over stronger dollar, falling gold prices](https://feedsoft.ai/events/40309-baht-weakens-over-stronger-dollar-falling-gold-prices.md) | +0.6% | +4.4% |
| DXY | 2017-11-16 | [Rupee surrenders gains on strong dollar demand; down 11 paise](https://feedsoft.ai/events/68263-rupee-surrenders-gains-on-strong-dollar-demand-down-11-paise.md) | -0.8% | -0.4% |
| DXY | 2026-08-28 | [Dollar Strength and Increased Middle East Oil Flows Weigh on Crude Prices](https://feedsoft.ai/events/18056-dollar-strength-and-increased-middle-east-oil-flows-weigh-on-crude-prices.md) | -0.2% | +1.7% |
| DXY | 2023-03-02 | [Sterling falls as interest rate outlook and strong dollar weigh](https://feedsoft.ai/events/37124-sterling-falls-as-interest-rate-outlook-and-strong-dollar-weigh.md) | +0.7% | -0.8% |

## Sources

- psuwatch.com: https://psuwatch.com/psu-watch/money-market/rupee-falls-21-paise-to-9497-against-us-dollar-as-greenback-strengthens
- freepressjournal.in: https://www.freepressjournal.in/business/rupee-falls-21-paise-to-9497-against-us-dollar-strong-greenback-weighs-despite-falling-crude-oil-prices

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