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Rupee opens higher at 94.78 per dollar extending winning streak
M
Moneycontrol•21-10-2026, 09:05
Rupee opens higher at 94.78 per dollar extending winning streak
- •The Indian rupee opened higher at 94.78 per dollar on October 21, marking its eighth consecutive session of gains.
- •The currency was supported by dollar inflows linked to the Jio Platforms IPO and backing from the Reserve Bank of India.
- •Asian currencies showed mixed performance against the US dollar in early trade.
- •The US dollar remained under pressure near a three-week low due to declining Treasury yields and crude oil prices.
Key Questions Answered
The Indian rupee opened higher at 94.78 per dollar, extending its winning streak for an eighth consecutive session, driven by dollar inflows linked to the Jio Platforms IPO and support from the Reserve Bank of India.
Asian currencies showed mixed performance against the US dollar, with the Indonesian rupiah and Chinese renminbi leading gains, while the Thai baht emerged as the worst performer among the listed currencies.
The US dollar remained under pressure after slipping to a three-week low, weighed down by a dip in Treasury yields and crude oil prices that reduced the currency's overall appeal.
