The rupee pared early gains to settle 3 paise lower at 94.92 per US dollar (provisional) on Monday, snapping a six-session winning streak. Pressure came from continued FII outflows, a sharp fall in domestic equities and a rebound in crude, with Brent trading down 1.17% at $108.58 per barrel. The rupee had gained about 2% in the week ended October 16, supported by RBI measures to curb spot dollar demand. Lemonn's Gaurav Garg said the RBI steps may help stabilise short-term moves, but a sustainable recovery depends on lower oil prices and improved foreign capital flows. The Sensex fell 876.37 points to 73,852.90, and the Nifty dropped 257.20 points to 22,888.95.
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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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