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The rupee closed at 94.74 per dollar, up from 94.90 the previous session, after touching 94.62 early. Oil prices rose more than $1 as an Iranian official said a deal to end the war was far off and the US struck Iran's Qeshm Island.
Traders were also watching the US midterm elections.
Renewed Iran escalation lifts crude and freight costs for importers, while a midterm-driven dollar move could shift currency flows. The near-term price effect on feed ingredients is limited and mostly indirect.
bfsi.economictimes.indiatimes.comNov 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.
