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The Indian rupee opened 24 paise stronger at 94.66 per US dollar on November 3, after Brent crude fell to about $105 per barrel. Asian currencies traded mixed, with the Philippine peso gaining most and the Taiwan dollar falling most.
Lower crude prices ease India's import bill, supporting the rupee, while exporters and RBI/SBI oil-related dollar buying limit gains. For feed buyers, a firmer rupee slightly lowers the local cost of imported feed ingredients and soymeal.
moneycontrol.comMoneycontrol NewsNov 3, 2026
tradingview.comNov 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.
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.
