# Rupee gains 16 paise

> The rupee gained 16 paise to close at 94.48 per dollar, its strongest level in two weeks and fifth consecutive session of gains. Dealers cited resumed foreign investor buying and crude oil prices falling below $100 a barrel.

- Date: 2026-11-06 · published 2026-11-06T03:11:25.793Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/83268-rupee-gains-16-paise
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices ease India’s import bill and support the rupee, while renewed portfolio inflows add currency support. A stronger rupee can reduce the local-currency cost of imported feed and other commodities.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDINR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 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) | +0.3% | -22.0% |
| WTI | 2019-01-29 | [How the rupee strengthened against the U.S. dollar - The Hindu](https://feedsoft.ai/events/61356-how-the-rupee-strengthened-against-the-u-s-dollar-the-hindu.md) | +5.2% | +6.8% |
| WTI | 2022-11-30 | [Indian rupee notches first monthly gain this year, but lags Asian peers](https://feedsoft.ai/events/38956-indian-rupee-notches-first-monthly-gain-this-year-but-lags-asian-peers.md) | -4.9% | +1.1% |
| WTI | 2017-01-18 | [C$ pares recent gains ahead of Bank of Canada rate decision](https://feedsoft.ai/events/73219-c-pares-recent-gains-ahead-of-bank-of-canada-rate-decision.md) | +0.4% | +1.4% |
| WTI | 2022-05-23 | [Stocks rally as euro gains on likely rate hikes](https://feedsoft.ai/events/12688-stocks-rally-as-euro-gains-on-likely-rate-hikes.md) | +1.9% | -2.0% |
| BRENT | 2018-12-01 | [Indian rupee rises 17 paise to 70.62 on easing crude prices](https://feedsoft.ai/events/62326-indian-rupee-rises-17-paise-to-70-62-on-easing-crude-prices.md) | +6.0% | -10.4% |
| BRENT | 2020-01-24 | [Rupee down 7 paise to end at 71.33  - The HinduBusinessLine](https://feedsoft.ai/events/55367-rupee-down-7-paise-to-end-at-71-33-the-hindubusinessline.md) | -5.9% | -3.6% |
| BRENT | 2020-02-03 | [Rupee drops by 6 paise to end at 71.38 on forex outflows](https://feedsoft.ai/events/54865-rupee-drops-by-6-paise-to-end-at-71-38-on-forex-outflows.md) | -6.0% | -12.2% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-gains-16-paise/articleshow/135589519.cms

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