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Traders expected the rupee to open in the 94.75-94.78 range after it settled at 94.90 on Monday. Brent fell 11% on Monday to about $104.70 in Asian trade after Iran-Qatar talks raised hopes of a Middle East resolution.
Lower oil relieves pressure on the rupee through the import bill and hedging demand, but dollar strength and technical levels are limiting the currency's rise. The Reserve Bank of India is also selling dollars to support the rupee.
thehindubusinessline.comReutersNov 3, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
