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The Indian rupee opened 18 paise higher at 94.56 per US dollar on November 4, up from a previous close of 94.74. Foreign investors bought more than $700 million of Indian shares on the prior session, and the dollar index fell 0.3% ahead of the US midterm results.
Lower crude oil prices also supported the currency.
A stronger rupee lowers the local cost of imported feed ingredients and freight priced in dollars, which eases pressure on Indian feed and meal buyers. The gain is modest, and oil price swings can reverse it quickly.
cnbctv18.comAnshulNov 4, 2026Not 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.
