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Rupee Slips 3 Paise to Close at 94.92 Against US Dollar
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News18•19-10-2026, 16:15
Rupee Slips 3 Paise to Close at 94.92 Against US Dollar
- •The rupee fell 3 paise to settle provisionally at 94.92 against the US dollar, snapping its six-session winning streak.
- •The domestic currency was pressured by a sharp fall in equity markets and a recovery in crude oil prices.
- •Sensex tumbled 876.37 points and Nifty dropped 257.20 points on the domestic equity front.
- •Analysts note that sustainable currency recovery will depend on lower oil prices, improved foreign capital flows, and easing external pressures.
Key Questions Answered
The rupee fell 3 paise to settle at 94.92 against the US dollar due to a sharp decline in domestic equity markets, a recovery in crude oil prices, and continued pressure from foreign institutional investor (FII) outflows.
On the domestic equity market front, the Sensex tumbled 876.37 points to settle at 73,852.90, while the Nifty dropped 257.20 points to close at 22,888.95.
According to RBI data released on Friday, India's foreign exchange reserves dropped by USD 8.578 billion to USD 726.027 billion during the week ended October 9.
