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The Indian rupee closed nearly flat at 94.90 per dollar on Monday, versus 94.95 on Friday, trading between 95.03 and 94.69. Traders stayed cautious ahead of the US midterm elections, and dollar demand picked up at lower levels despite lower oil prices and a weaker dollar.
Brent fell 4.2% to $108.64 after a six-month high the previous week, while foreign portfolio investors turned net buyers of ₹3,114 crore.
A weaker rupee raises the landed cost of imported feed inputs and soymeal priced in dollars for Indian buyers, and the rupee's failure to firm on lower crude shows currency pressure is not easing with energy prices. Falling Brent eases input-cost pressure on feed, but FX weakness offsets much of that for importers.
economictimes.indiatimes.comET BureauNov 3, 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.
After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% 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.
