Rupee loses 5 paise in early session
Key Highlights
The Indian rupee traded at 93.82 against the US dollar on Wednesday. The currency fell 5 paise from its previous close of 93.77.
The Indian currency lost value against the US dollar during Wednesday morning trading. This partially convertible unit reached a level of 93.82, which represents a decline of 5 paise compared to the previous closing figure of 93.77 recorded on Monday.
Trading activity saw the currency reach a session high of 93.88 and a low of 93.67. Financial markets in the country were not operational on Tuesday due to the Diwali Balipratipada holiday. The downward movement followed a slight recovery in crude oil prices after a period of decline. Furthermore, higher US consumer inflation data and remarks from Federal Reserve representatives strengthened the outlook for a potential interest rate hike in December.
Support for the currency arrived through foreign capital inflows, as foreign institutional investors acquired equities totaling ₹7,212.22 crore on Monday. Participants in the market are currently looking toward the release of India’s retail inflation figures for October, which are expected on Thursday, November 12, 2026.
Based on company and agency reports. For information only; not investment advice.