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.
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Original headline: Rupee falls 3 paise to close at 94 . 92 against US dollar
Read the original on dailyexcelsior.com ↗
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exchange ratesIndiaoil pricescapital flows
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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 101.78 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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