# Rupee rises as oil slips from six-month high

> The Indian rupee closed at 94.74 on Monday, up from 94.90, as Brent crude retreated from six-month highs toward $104 a barrel. The currency traded between 94.60 and 94.88 ahead of the US midterm elections.

- Date: 2026-11-04 · published 2026-11-04T03:09:49.670Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/79032-rupee-rises-as-oil-slips-from-six-month-high
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices ease India's import bill and support the rupee, which reduces inflation pressure on feed and food costs. Softer crude also weighs on energy-linked feed input costs such as freight and fertiliser.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-03-08 | [Euro rises from 22-month lows as Ukraine crisis grips](https://feedsoft.ai/events/9524-euro-rises-from-22-month-lows-as-ukraine-crisis-grips.md) | -13.8% | -14.5% |
| BRENT | 2019-09-27 | [Rupee rallies to nearly 2-month high as crude subsides \| Rupee rallies to nearly 2-month high as crude subsides](https://feedsoft.ai/events/57382-rupee-rallies-to-nearly-2-month-high-as-crude-subsides-rupee-rallies-to-nearly.md) | -7.3% | -1.2% |
| BRENT | 2021-11-03 | [Rupee rises by 22 paise to nearly 1-month high on FPI flows \| Business](https://feedsoft.ai/events/44323-rupee-rises-by-22-paise-to-nearly-1-month-high-on-fpi-flows-business.md) | +0.1% | -16.4% |
| BRENT | 2020-11-26 | [Oil Slips From 8-Month High as Rally Fizzles Out - Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com](https://feedsoft.ai/events/50317-oil-slips-from-8-month-high-as-rally-fizzles-out-energy-news-top-headlines.md) | +0.2% | +6.6% |
| BRENT | 2017-11-29 | [Rupee rises for 3rd day, hits new 2-month high ahead of GDP data \| News on Markets - Business Standard](https://feedsoft.ai/events/68258-rupee-rises-for-3rd-day-hits-new-2-month-high-ahead-of-gdp-data-news-on-markets.md) | -0.7% | +4.2% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/rupee-rises-as-oil-slips-from-six-month-high/articleshow/135517334.cms

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