# Quote on rupee by Rajeev Sharan, Head of Research, Brickwork Ratings

> 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.

- Date: 2026-11-05 · published 2026-11-05T12:09:28.630Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/81649-quote-on-rupee-by-rajeev-sharan-head-of-research-brickwork-ratings
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-12-20 | [Indian Rupee: Rupee's year-end rally heralds a brighter 2019 as oil slumps - Times of India](https://feedsoft.ai/events/61851-indian-rupee-rupee-s-year-end-rally-heralds-a-brighter-2019-as-oil-slumps-times.md) | -8.1% | +10.6% |
| 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% |
| BRENT | 2021-05-19 | [Oil prices dive $2 on fears of Asian pandemic, possible U.S. rate hikes \| Reuters](https://feedsoft.ai/events/47009-oil-prices-dive-2-on-fears-of-asian-pandemic-possible-u-s-rate-hikes-reuters.md) | -0.2% | +7.7% |
| 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 | 2019-09-19 | [Ringgit at 4.15 to US dollar at end of 2019, says MIDF Research \| Malay Mail](https://feedsoft.ai/events/57344-ringgit-at-4-15-to-us-dollar-at-end-of-2019-says-midf-research-malay-mail.md) | -2.4% | -7.2% |

## Sources

- investmentguruindia.com: https://www.investmentguruindia.com/newsdetail/quote-on-rupee-by-rajeev-sharan-head-of-research-brickwork-ratings411358

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