# Rupee gains nearly 1% in October, second-best performer in Asia after Korean won

> The Indian rupee gained nearly 1% against the dollar in October, Asia's second-best performance, as RBI measures to curb dollar demand and intervention aided recovery from record lows. The rupee closed at 94.47 on November 5 after lower crude prices following the US midterms.

- Date: 2026-11-05 · published 2026-11-05T15:10:05.566Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/81958-rupee-gains-nearly-1-in-october-second-best-performer-in-asia-after-korean-won
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Central bank intervention and lower crude reduce importer dollar demand, supporting the rupee. A stronger rupee lowers the local cost of imported feed ingredients for India, though the effect is modest.

## Read by commodity

- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2021-08-31 | [Oil prices near biggest monthly loss since October before OPEC meets](https://feedsoft.ai/events/45722-oil-prices-near-biggest-monthly-loss-since-october-before-opec-meets.md) | -0.4% | +8.7% |
| BRENT | 2020-04-29 | [Korean Won Fundamentals Are Increasingly Bullish – Icon Economics](https://feedsoft.ai/events/53889-korean-won-fundamentals-are-increasingly-bullish-icon-economics.md) | +57.2% | +88.7% |
| BRENT | 2020-03-22 | [Ringgit opens lower against US dollar in early session \| Malaysiakini](https://feedsoft.ai/events/54380-ringgit-opens-lower-against-us-dollar-in-early-session-malaysiakini.md) | -10.0% | -19.8% |
| BRENT | 2018-12-01 | [Rupee gains past 70 a dollar for first time in 3 months: 5 things to know](https://feedsoft.ai/events/62320-rupee-gains-past-70-a-dollar-for-first-time-in-3-months-5-things-to-know.md) | +6.0% | -10.4% |
| BRENT | 2018-12-01 | [Indian rupee soars 77 paise, under 70 per dollar mark after 3 months](https://feedsoft.ai/events/62324-indian-rupee-soars-77-paise-under-70-per-dollar-mark-after-3-months.md) | +6.0% | -10.4% |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/banks/rupee-gains-nearly-1-in-october-second-best-performer-in-asia-after-korean-won-14071692.html

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