# Indian Rupee: Range holds against US Dollar with oil support – Commerzbank

> Commerzbank reports USD/INR near 94.90, holding the lower end of its 94-97 range over six months. The bank cites falling oil prices as support for the rupee and notes that India's October manufacturing PMI remained in expansion at 54.7.

- Date: 2026-11-03 · published 2026-11-03T09:11:01.518Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/77402-indian-rupee-range-holds-against-us-dollar-with-oil-support-commerzbank
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Stable rupee levels and lower oil costs ease India's import bill for dollar-priced feed ingredients and energy. Continued manufacturing expansion supports domestic demand for feed and food products.

## Read by commodity

- USDINR: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/indian-rupee-range-holds-against-us-dollar-with-oil-support-commerzbank-202611030718

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