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The rupee gained 25 paise to 93.68 per dollar in early trading on November 9, extending a strong advance from the previous week. Lower crude prices, improved foreign fund inflows and hopes of de-escalation in West Asia supported the currency.
Lower crude prices ease India's dollar demand for imports, while portfolio inflows add support to the rupee. Continued appreciation would be bearish for USD/INR.
Not enough comparable past events yet for a historical read.
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.