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The article describes pressure on the rupee and the RBI’s efforts to limit its decline, noting that the currency closed at 94.86 per dollar on November 2. The RBI’s forward book of dollar sales reached a record $239.2 billion at September-end, while reserves fell for a seventh straight week to $719.75 billion on October 23.
Rupee weakness makes imported feed and energy more expensive, while intervention and falling reserves highlight the cost of defending the currency. The article says lower crude prices and foreign equity buying had offered some relief.
indiatoday.inAnilesh S. MahajanNov 6, 2026Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
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.
