The rupee slipped 9 paise to 94.55 in early trade from Wednesday's 94.46 close, then regained ground by the afternoon. Brent crude fell to $93.64 a barrel after the US midterm elections reduced fears of military escalation with Iran.
The dollar index eased to 101.22, the Sensex rallied 1,400 points, and foreign investors put in INR 7,284 crore into stocks.
Falling oil and foreign inflows favour the rupee, but importers and the RBI buying dollars at lower prices limit the pace of appreciation. Lower import costs benefit India's feed importers, though the currency's gains may be gradual.
Not enough comparable past events yet for a historical read.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.