Stories
Dollar Vs Rupee: Rupee slips 3 paise to close at 94.92 against US dollar.
M
Moneycontrol•19-10-2026, 17:58
Dollar Vs Rupee: Rupee slips 3 paise to close at 94.92 against US dollar.
- •The Indian rupee pared its early gains and closed 3 paise lower at 94.92 against the US dollar on Monday.
- •The currency faced pressure due to a sharp fall in domestic equity markets and rising crude oil prices.
- •Continuous outflows by foreign institutional investors and high crude prices broke the rupee's six-session winning streak.
- •The Sensex slumped 876.37 points to close at 73,852.90, while the Nifty dropped 257.20 points to 22,888.95.
Key Questions Answered
The Indian rupee fell by 3 paise to close at 94.92 against the US dollar due to heavy declines in domestic stock markets, rising crude oil prices, continuous foreign institutional investor (FII) outflows, and the erosion of its initial gains.
The RBI implemented measures to control dollar demand, including setting net open position limits for banks, which previously helped the rupee strengthen for six consecutive sessions and provided support amid market volatility.
On October 19, 2026, the Sensex dropped 876.37 points to close at 73,852.90, and the Nifty fell 257.20 points to 22,888.95. Additionally, RBI data showed that India's foreign exchange reserves declined by $8.578 billion to $7.26 billion for the week ending October 9.
