# Rupee finally bounces back, closes at 93.90 on Friday, after hitting nearly 97/$ in May and Oct

> The Indian rupee strengthened 57 paise to close at 93.90 against the US dollar, its strongest level since late April. Falling crude prices, foreign equity inflows of nearly $4 billion over the past fortnight, and improved investor sentiment supported the recovery.

- Date: 2026-11-06 · published 2026-11-07T00:13:26.014Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/85071-rupee-finally-bounces-back-closes-at-93-90-on-friday-after-hitting-nearly-97-in
- 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 crude prices reduce India’s import bill and ease pressure on the rupee. The currency’s appreciation is bearish for USDINR; the oil-price decline is bearish for crude.

## 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 | 2020-10-12 | [Oil falls nearly 3% as production comes back online](https://feedsoft.ai/events/50803-oil-falls-nearly-3-as-production-comes-back-online.md) | +0.7% | -8.6% |
| WTI | 2021-08-15 | [Ringgit hits 1-year low after cabinet resignation; may face pressure in coming months - The Business Times](https://feedsoft.ai/events/45817-ringgit-hits-1-year-low-after-cabinet-resignation-may-face-pressure-in-coming.md) | -8.9% | +3.1% |
| WTI | 2022-08-30 | [Oil dives nearly $6 a barrel on demand fears, Iraq exports \| Reuters](https://feedsoft.ai/events/40224-oil-dives-nearly-6-a-barrel-on-demand-fears-iraq-exports-reuters.md) | -10.4% | -19.0% |
| WTI | 2022-06-13 | [ASX down nearly 4 per cent after Wall Street sell-off on inflation fears, S&P 500 falls into bear market - ABC News](https://feedsoft.ai/events/41207-asx-down-nearly-4-per-cent-after-wall-street-sell-off-on-inflation-fears-s-and.md) | -9.2% | -19.6% |
| BRENT | 2018-11-29 | [Rupee closes at 69.85 a dollar after 3 months of weak run in the 70s \| News on Markets - Business Standard](https://feedsoft.ai/events/62319-rupee-closes-at-69-85-a-dollar-after-3-months-of-weak-run-in-the-70s-news-on.md) | +5.8% | -11.2% |
| 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 | 2020-10-12 | [Oil falls nearly 3% as production comes back online](https://feedsoft.ai/events/50803-oil-falls-nearly-3-as-production-comes-back-online.md) | -0.3% | -8.2% |

## Sources

- economictimes.indiatimes.com: https://economictimes.indiatimes.com/markets/forex/forex-news/rupee-finally-bounces-back-closes-at-93-90-on-friday-after-hitting-nearly-97/-in-may-and-oct/articleshow/135611715.cms

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