# India's rupee hits a one-month high of 94.40 per dollar as October bond yields jump

> The RBI reference rate for the rupee firmed 0.47% to 94.3996 per US dollar on 5 November. October average government bond yields rose sharply, with the 10-year at 7.41% from 7.17% in September and the 1-year at 6.60% from 6.14%.

- Date: 2026-11-05 · published 2026-11-05T21:09:10.506Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/82421-india-s-rupee-hits-a-one-month-high-of-94-40-per-dollar-as-october-bond-yields
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rising Indian bond yields reflect tighter monetary conditions and higher borrowing costs, which can weigh on domestic demand and farm credit; the rupee move itself has limited direct effect on global feed grain prices.

## Read by commodity

- USDINR: bearish ▼

## Sources

- factiq.com: https://www.factiq.com/updates/india-s-rupee-hits-a-one-month-high-of-94-40-per-dollar-as-october-bond-yields-1416

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