The rupee fell 12 paise to close at 94.93 (provisional) against the US dollar on Friday, its second straight daily decline, as crude prices rose and domestic equities were sluggish. Brent crude traded at $114.31 per barrel, and forex traders said renewed tensions between Yemeni Houthis and Saudi Arabia could keep oil volatile. The Sensex fell 125.56 points to 73,123.83 and the Nifty dropped 87.65 points to 22,600, while FIIs sold a net ₹3,458.70 crore of equities on Thursday. Mirae Asset Sharekhan's Anuj Choudhary expects USD-INR spot to trade between 94.65 and 95.25. Meanwhile, the Jio Platforms IPO drew bids for almost seven times the shares on offer.
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Rupee falls 12 paise to 94 . 50 against US dollar in early trade
The rupee fell 12 paise to 94.50 against the US dollar in early trade on Thursday, weighed down by weak domestic equities and surging crude prices, though a softer dollar and lower US Treasury yields limited the losses. The currency had surged 53 paise to close at 94.38 the previous day. Anuj Choudhary of Mirae Asset Sharekhan expects a slight positive bias from IPO-related foreign inflows and reports that Russia is ready for new peace talks, while Anindya Banerjee of Kotak NEO sees the rupee finely balanced within 94-97 and says that balance would be tested if portfolio selling accelerates or crude moves toward $120. Sensex fell 642.51 points to 73,067.18 and Nifty declined 241.35 points to 22,570.90, while FIIs bought a net 1,022.32 crore rupees of equities on Wednesday.
- Rupee falls 12 paise to 94 . 50 against US dollar in early trade
The rupee slid 12 paise to 94.50 against the US dollar in early trade on Thursday, pressured by weak domestic markets and higher crude prices, after rising 53 paise to close at 94.38 on Wednesday. Mirae Asset Sharekhan's Anuj Choudhary expects a slight positive bias from IPO-related foreign inflows and a weaker dollar, while Kotak NEO's Anindya Banerjee sees the rupee staying within 94–97. Brent crude rose 1.58 per cent to USD 110.54 a barrel, the Sensex fell 642.51 points to 73,067.18 and the Nifty dropped 241.35 points to 22,570.90. FIIs bought a net Rs 1,022.32 crore of equities on Wednesday.
- Foreign investors withdraw Rs 48 , 056 crore in October as market selling continues
Foreign portfolio investors have pulled Rs 48,056 crore from Indian equities so far in October, amid high crude oil prices, Middle East tensions, inflation concerns and weak corporate earnings. Selling eased in the week ended October 23, when FPIs were net buyers on two trading days, helped by a drop in the US 10-year yield from 5.36% to around 5% and the rupee's rise to 94.94 per dollar. Cumulative 2026 outflows reached Rs 3.08 lakh crore, well above the Rs 1.66 lakh crore for all of 2025. Analysts said the outflows may reflect rotation out of existing holdings rather than loss of confidence, with domestic inflows and SIPs cushioning the pressure. Investors will watch the US FOMC decision, the Bank of Japan rate decision, US GDP data and Brent crude moves.
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HSBC Mutual Fund said Indian equities saw a broad-based correction in September amid higher crude prices, Middle East tensions and tighter monetary policy in major economies. The Nifty 50 fell 6%, the Nifty Midcap 150 dropped 7.1% and the Nifty Smallcap 250 fell 3.1%. Foreign institutional investors pulled USD 4.1 billion in September, taking their 2026 net selling to USD 28.3 billion, while domestic institutions bought USD 8.1 billion. The fund expects corporate earnings to drive returns but flags higher global bond yields and commodity prices as risks, and sees the RBI's repo rate, raised to 5.50% on October 7, possibly reaching 6% if inflation worsens. The Nifty 50 trades at 17 times one-year forward earnings, about 13% below its five-year average valuation.
- Foreign outflows , rising yields weigh on Indian markets ; earnings to drive recovery : HSBC
- Bajaj Broking Weekly FII and DII Commentary for 10th October 2026
The Nifty snapped an eight-week decline to close marginally higher, but still formed a fresh 52-week low, as the RBI raised rates by 25 basis points and shifted to “calibrated tightening”. Brent crude above $100, higher US bond yields and a weaker rupee kept sentiment under pressure, with FIIs net sellers for an eighth straight week (Rs. 302.94bn) while DIIs bought Rs. 303.13bn to absorb the selling. The index closed the week at 22,520.45, up 0.4%, though it is down 0.44% month-to-date. The analysis expects volatility to persist amid FII selling and global headwinds, with strong domestic buying limiting downside. Investors will watch US and Indian inflation data, US bond yields, Brent prices and US-Iran tensions next week.
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