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Rupee Extends Gains, Opens Higher By 9 Paise Against US Dollar
M
Moneycontrol•19-10-2026, 09:03
Rupee Extends Gains, Opens Higher By 9 Paise Against US Dollar
- •The Indian rupee extended its winning streak to the seventh consecutive day, opening 9 paise higher at 94.86 per dollar.
- •Central bank dollar sales are anticipated to support the currency near its soft defense line.
- •Oil prices eased slightly after Donald Trump refrained from imposing tariffs on India, China, and three other nations for buying Russian oil.
- •Market expectations include potential capital inflows from the JIO IPO as its anchor investor portion opens for subscription.
- •Asian currencies showed mixed trading results against the US dollar while the euro faced downward pressure due to protests in France.
Key Questions Answered
The Indian rupee extended its gains for the seventh consecutive day, opening 9 paise higher at 94.86 per dollar compared to Thursday's close of 94.95, supported by the central bank's expected dollar sales.
According to Finrex, oil prices were slightly down after President Trump chose not to apply tariffs on India, China, and three other nations for purchasing Russian oil, leading to expectations of a flat opening around 94.94.
Asian currencies traded mixed, with the Indonesian rupiah experiencing the steepest decline of 0.49 percent, while the Japanese yen strengthened by 0.08 percent and the Chinese renminbi rose by 0.06 percent.
