# Indian Rupee extends winning streak against US Dollar amid lower oil prices

> The rupee extended its winning streak to a third trading day, trading near 94.75 per dollar. Oil prices fell as hopes grew for US-Iran diplomacy, with TD Securities saying part of the geopolitical risk premium was being priced out of crude.

- Date: 2026-11-03 · published 2026-11-03T12:09:52.653Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/77558-indian-rupee-extends-winning-streak-against-us-dollar-amid-lower-oil-prices
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Easing oil prices reduce pressure on India's import costs and support the rupee, which lowers the local cost of imported feed ingredients. Further oil declines would strengthen this effect, while renewed Middle East attacks would reverse it.

## Read by commodity

- WTI: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -5.0% | -5.3% |
| WTI | 2018-10-31 | [Lower Oil Prices: Canadian Dollar Hits 7-Week Low \| Investors King](https://feedsoft.ai/events/62781-lower-oil-prices-canadian-dollar-hits-7-week-low-investors-king.md) | -6.0% | -24.2% |
| WTI | 2020-03-27 | [Ringgit extends gains against US dollar in early session \| FMT](https://feedsoft.ai/events/54377-ringgit-extends-gains-against-us-dollar-in-early-session-fmt.md) | +37.1% | -32.8% |
| WTI | 2023-01-29 | [Ringgit extends winning streak](https://feedsoft.ai/events/38041-ringgit-extends-winning-streak.md) | -7.9% | -5.2% |
| WTI | 2018-10-18 | [Ringgit snaps 2-day gaining streak to end lower vs US dollar \| FMT](https://feedsoft.ai/events/62789-ringgit-snaps-2-day-gaining-streak-to-end-lower-vs-us-dollar-fmt.md) | -4.3% | -19.3% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/indian-rupee-extends-winning-streak-against-us-dollar-amid-lower-oil-prices-202611030549

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