The Indian rupee weakened 12 paise to 94.50 against the US dollar in early trade on Thursday, as falling domestic stocks and higher global crude prices weighed on the currency. A weaker dollar and lower US Treasury yields helped limit the losses. Brent crude rose 1.58% to USD 110.54 per barrel, while the dollar index fell 0.21% to 101.56. The BSE Sensex dropped 642.51 points to 73,067.18 and the NSE Nifty 50 fell 241.35 points to 22,570.90, although foreign institutional investors bought Rs 1,022.32 crore of shares on Wednesday. Anindya Banerjee of Kotak NEO expects the rupee to stay within the 94–97 range, warning that renewed portfolio outflows or crude nearing USD 120 could increase currency volatility.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on freepressjournal.in ↗
Keywords
exchange ratesoil pricesIndiacapital flows
Open a keyword to see other news on the same topic.
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.
Related news
- Rupee under pressure : Currency slips to 94 . 50 as oil rises , Dalal Street struggles in red
The rupee fell 12 paise to 94.50 against the US dollar in early trade on Thursday, a day after closing 53 paise higher at 94.38, as rising crude prices and a weak equity market weighed on it. A softer dollar and lower US Treasury yields helped limit the decline. Mirae Asset Sharekhan's Anuj Choudhary expects the rupee to keep a slight positive bias on IPO-related foreign inflows and a weaker dollar. Brent crude rose 1.58% to $110.54 per barrel, while the dollar index fell 0.21% to 101.56. The Sensex dropped 642.51 points to 73,067.18 and the Nifty50 fell 241.35 points to 22,570.90, though foreign institutional investors were net buyers of Rs 1,022.32 crore of equities on Wednesday.
- Rupee falls 12 paise to 94 . 50 against U . S . dollar in early trade
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.
- Rupee gains 29 paise against dollar in early trade , but crude prices limit gains
The rupee rose nearly 0.5% against the US dollar early on Wednesday to 94.62, a 29-paise gain and a six-week high, helped by foreign currency inflows tied to the Jio IPO, gains at Dalal Street and RBI support. Rising crude prices and a firm dollar limited the gains, with Brent crude up 1.42% to $110.33 per barrel and the dollar index up 0.06% to 101.58. Equities opened higher, with the BSE Sensex up 800 points and the NSE Nifty50 above 23,100, though FIIs were net sellers of Rs 1,148.64 crore on Monday. An analyst expects the rupee to trade within 94.00 to 94.75 against the dollar during the session.
- Weekly Rupee View : Indian rupee recovery faces crude oil and dollar headwinds
The rupee gained 35 paise against the dollar over the past week as foreign portfolio inflows returned, with net inflows of $446 million according to NSDL data, though net outflows for October still total about $4.3 billion. Brent crude, trading around $112 per barrel, has risen nearly 14% in October and climbed since July, remaining a key headwind for India, which depends on crude imports. The rupee is trading at 94.93 after facing selling pressure near 94.80, with resistance at 94.50 and 94.20 and support at 95.80, below which it could fall to 96.25. The dollar index has eased from a high of 102.95 to 101.90, but the outlook says it is highly likely to resume its rally. Overall, the rupee could recover toward 94.50-94.20 in the near term, but the broader bias remains bearish.
- Rupee falls 3 paise to close at 94 . 92 against US dollar
The rupee settled 3 paise lower at 94.92 per US dollar (provisional) on Monday, snapping a six-session winning streak as a sharp fall in Indian equities and a rebound in crude oil prices weighed on the currency. Foreign institutional investor outflows and high crude prices continued to pressure the rupee, which had gained about 2% in the week ended October 16 on RBI measures to curb spot dollar demand. Brent crude traded at $108.58 per barrel, while the Sensex fell 876.37 points to 73,852.90 and the Nifty dropped 257.20 points to 22,888.95. Analysts said RBI measures may steady short-term moves, but a sustained recovery depends on lower oil prices and better foreign capital flows. India's forex reserves fell $8.578 billion to $726.027 billion in the week ended October 9.
- Stock market next week : Jio Platform Rs 30 , 213 crore IPO , Q2 earnings , and crude oil prices to drive investor sentiment
The Jio Platforms IPO, worth Rs 30,213 crore, opens for subscription on October 21 and closes October 23 at a price band of Rs 1,065 to Rs 1,119 per share, and at the upper end would be India's largest IPO to date. The issue consists entirely of fresh shares, with up to Rs 27,500 crore earmarked for repaying borrowings of Reliance Jio Infocomm. Investors will also watch September-quarter earnings from banks such as ICICI Bank and HDFC Bank, along with crude oil prices, foreign investor outflows and the rupee. The Nifty 50 rose 2.8% to 23,146.15 and the Sensex gained 3.1% to 74,729.27 on October 16, as Indian equities posted their strongest weekly performance in six months, led by IT stocks. The RBI Monetary Policy Committee minutes are scheduled for October 21.
Related markets
Latest news
- What Does i-80 Gold (TSX:IAU) Prioritizing Mineral Point Mean For Its Nevada Plan?
i-80 Gold (TSX:IAU) has outlined an updated Nevada development plan that puts the Mineral Point open pit next in line after the underground hub, alongside progress on refurbishing assets such as the Lone Tree processing plant. The company is also advancing permits across its Nevada portfolio to build out several deposits in a coordinated way. The article says this could move i-80 Gold toward a blended operation combining high-grade underground feed with large-scale heap leach oxide output, spreading fixed costs, though execution and cost control remain central risks. Key checkpoints include first ore from Archimedes underground in Q4 2026, completion of Lone Tree feasibility and pre-commissioning steps toward a late 2027 plant start-up, and Mineral Point and Archimedes studies targeted around mid-2027.
- Meta's Threads Now Has More Monthly Users Than X
Mark Zuckerberg told investors on the October 21, 2026 earnings call that Threads has overtaken X in monthly actives, but Meta published no figure to support the claim. The last reported Threads count was 500 million monthly users, announced June 16, 2026. Third-party estimates measure daily mobile users instead: Threads first passed X globally in the week of September 15 to 21, 2025, at 130.2 million versus 130.1 million, while X still leads on web and among U.S. mobile users. X's advertising revenue was $1.248 billion for the first nine months of 2026, below $1.323 billion a year earlier, and Meta's financials show no benefit from the user lead yet.
- Famous Billionaire Calls AI a Bubble — But That Is Not What His Money Says
Citadel founder Ken Griffin told Bloomberg at Citadel's Future of Global Markets conference that there are almost certainly bubbles within the current AI boom. He compared GPUs to airline seats, warning that once capacity exceeds demand prices may collapse, similar to the fiber-optic bust around 2000. Yet Citadel's amended 13F for Q2 2026 showed about $8.6 billion in five AI-linked companies, with Amazon its second-largest holding; its Amazon and Microsoft share counts rose 34% and 43%, while Nvidia shares fell about 37%. The filing also disclosed options on Nvidia and Micron that may hedge risk, and it is only a snapshot as of June 30.
- Procter & Gamble Jumps 6% as Earnings Beat Draws Defensive Buyers; Johnson & Johnson Rises 3%, Coca-Cola Ticks Up
Procter & Gamble shares rose 6% to $166.19 in morning trading after its Q1 FY2027 results beat expectations, with core EPS of $2 versus the $1.89 consensus and net sales of $23.28 billion against $22.82 billion expected. CFO Andre Schulten said the U.S. consumer is “remarkably resilient,” though lower-income shoppers are more cautious. The company kept its full-year outlook of 1% to 3% organic sales growth and core EPS of $6.89 to $7.11. Core gross margin fell 150 basis points year over year, and the company expects $1.4 billion in after-tax commodity cost pressure this fiscal year. Johnson & Johnson rose 3% and Coca-Cola 2% as defensive stocks drew buyers, while the SPDR S&P 500 ETF Trust fell 1%.
- Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought
Ark Invest, which publishes Cathie Wood's ETF trades daily, added to existing positions in Netflix (NFLX), Oklo (OKLO) and Intuitive Surgical (ISRG) on Wednesday, and all three are down between 7% and 80% over the past year. Netflix hit a two-year low after guiding to an 11.5% revenue increase for the final quarter, its weakest showing in more than three years, though it has more than 300 million members and trades at 17 times next year's estimated earnings. Oklo has surrendered 86% of its value from its all-time high, with a $5.2 billion market cap and revenue not expected to top $10 million next year. Intuitive Surgical is down 7% over the past year and nearly a quarter in 2026, as analysts see revenue growth slowing to 13% next quarter.
- Vistra Is Up 11% in a Month. Is Washington’s $4.2 Billion Nuclear Loan Really That Good?
Vistra (VST) shares are up 11% over the past month after a conditional commitment of up to $4.2 billion from the Energy Department for 433 MW of uprates at Beaver Valley, Davis-Besse and Perry, and a 20-year Constellation Energy deal with Google lifted power producers. The article sees the loan as a good deal for those three plants, but it comes with conditions and does nothing about the soft Texas power prices weighing on the 2027 outlook. Analysts expect normalized EPS to more than double from $4.76 in 2025 to $10.37 in 2027, yet the stock trades at about 15x forward earnings, in line with its five-year average. Vistra updates its 2027 guidance with third-quarter results on Nov. 6, and the author argues the stock is worth owning into that report. However, if the 2027 adjusted EBITDA midpoint falls well short of about $8.1 billion and management blames Texas prices, the loan will not help much.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.