The rupee fell 12 paise to 94.50 against the U.S. dollar in early trade on Thursday, October 22, 2026, weighed by weak domestic equities and surging crude prices. It had closed at 94.38 on Wednesday after gaining 53 paise. Analysts expected some support from IPO-related foreign inflows, a softer dollar and lower U.S. Treasury yields, while the dollar index was down 0.21% at 101.56 and Brent crude rose 1.58% to $110.54 per barrel. Kotak NEO's Anindya Banerjee said the rupee should stay within 94-97, though a move in crude toward USD 120 or renewed portfolio selling would test that range. In equities, the Sensex fell 642.51 points to 73,067.18 and the Nifty declined 241.35 points to 22,570.90, while FIIs bought a net Rs 1,022.32 crore on Wednesday.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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