# Rupee gains nine paise to 94.75 per dollar

> The Indian rupee closed 9 paise stronger at 94.75 per US dollar on Tuesday, supported by heavy domestic equity buying and rising foreign capital inflows. Gains were capped by a rise in crude oil prices after reports of new US strikes on Iran-linked targets near the Strait of Hormuz. Brent rose 0.86% to $105.67 a barrel and the dollar index edged up to 101.69.

- Date: 2026-11-03 · published 2026-11-03T21:11:27.318Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/78424-rupee-gains-nine-paise-to-94-75-per-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A stronger rupee lowers the local-currency cost of imported feed ingredients and fertiliser, but elevated crude prices raise freight and energy costs for India's feed sector and keep the currency volatile.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-02-24 | [Rupee plummets 99 paise to 75.60 per dollar amid Ukraine crisis - Times of India](https://feedsoft.ai/events/42984-rupee-plummets-99-paise-to-75-60-per-dollar-amid-ukraine-crisis-times-of-india.md) | +18.2% | +27.0% |
| BRENT | 2021-10-08 | [Rupee slumps 20 paise to close at 74.99 against U.S. dollar - The Hindu](https://feedsoft.ai/events/44867-rupee-slumps-20-paise-to-close-at-74-99-against-u-s-dollar-the-hindu.md) | +2.2% | -2.2% |
| BRENT | 2020-02-14 | [Rupee settles 6 paise lower at 71.37 against US dollar  - The Hindu](https://feedsoft.ai/events/54862-rupee-settles-6-paise-lower-at-71-37-against-us-dollar-the-hindu.md) | +5.5% | -43.0% |
| BRENT | 2023-08-01 | [Rupee falls 31 paise to 82.23 against the US dollar in early trade](https://feedsoft.ai/events/35313-rupee-falls-31-paise-to-82-23-against-the-us-dollar-in-early-trade.md) | +0.6% | -0.6% |
| BRENT | 2019-02-13 | [Rupee snaps 6-day rise, settles 10 paise down at 70.80 against U.S. dollar](https://feedsoft.ai/events/60869-rupee-snaps-6-day-rise-settles-10-paise-down-at-70-80-against-u-s-dollar.md) | +5.8% | +5.6% |

## Sources

- hindi.theprint.in: https://hindi.theprint.in/india/economy/rupee-strengthens-by-9-paise-to-94-75-per-dollar/1053966/

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