# Rupee ends flat at 94.90 despite fall in oil prices

> 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.

- Date: 2026-11-03 · published 2026-11-03T00:43:10.939Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/76759-rupee-ends-flat-at-94-90-despite-fall-in-oil-prices
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: neutral
- BRENT: bearish ▼
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-07-01 | [Oil prices fall due to recession worries](https://feedsoft.ai/events/40409-oil-prices-fall-due-to-recession-worries.md) | -7.1% | -7.6% |
| BRENT | 2018-10-30 | [Oil prices fall as economic outlook deteriorates: Kemp](https://feedsoft.ai/events/9159-oil-prices-fall-as-economic-outlook-deteriorates-kemp.md) | -5.8% | -22.4% |
| BRENT | 2020-09-21 | [Oil Prices Fall Amid Broad Selloff \| Rigzone](https://feedsoft.ai/events/10536-oil-prices-fall-amid-broad-selloff-rigzone.md) | -2.9% | -1.2% |
| BRENT | 2018-12-20 | [Oil demand flashes red, sending crude prices even lower](https://feedsoft.ai/events/11080-oil-demand-flashes-red-sending-crude-prices-even-lower.md) | -8.1% | +10.6% |
| BRENT | 2022-10-14 | [Oil prices fall more than 3% on recession worries](https://feedsoft.ai/events/39282-oil-prices-fall-more-than-3-on-recession-worries.md) | -3.1% | -1.0% |
| DXY | 2025-10-31 | [Indian rupee holds above record low on state bank dollar sales, ends month flat - Markets - Business Recorder](https://feedsoft.ai/events/22693-indian-rupee-holds-above-record-low-on-state-bank-dollar-sales-ends-month-flat.md) | +0.3% | -0.2% |
| DXY | 2024-02-26 | [Dollar Ends the Week Flat Even as Treasury Yields Fall](https://feedsoft.ai/events/31932-dollar-ends-the-week-flat-even-as-treasury-yields-fall.md) | -0.0% | +0.1% |
| DXY | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -1.5% | -1.3% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/rupee-ends-flat-at-94-90-despite-fall-in-oil-prices/articleshow/135477415.cms

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