Rupee surges 52 points to close at 93.89 against U.S. dollar

The rupee surged 52 points to close at 93.89 (provisional) against the U.S. dollar on Friday (November 6, 2026, as a softer U.S. dollar coupled with declining crude oil prices and easing concerns over import costs supported investor sentiments.

Forex traders said a surge in domestic markets and fears of a slowdown in AI spending also supported the rupee.

At the interbank foreign exchange market, the rupee opened at 94.50 and touched an intraday high of 93.82 and a low of 94.50. The domestic unit closed the session at 93.89 (provisional), registering a gain of 52 paise over its previous close.

On Thursday (November 5, 2026), the rupee settled 5 paise higher at 94.41 against the U.S. dollar.

"We expect the rupee to trade with a positive bias on strength in domestic markets and rising FII inflows. Weakness in the dollar post U.S. midterm elections and a decline in U.S. Treasury yields may also support the rupee," said Anuj Choudhary, research analyst, Mirae Asset Sharekhan.

However, tensions between Ukraine and Russia and attacks in West Asia may cap sharp upside.

"Traders may take cues from the non-farm payrolls report from the U.S. USD-INR spot price is expected to trade in a range of 93.65 to 94.20," Mr. Choudhary added.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 102.04, higher by 0.49%.

Brent crude, the global oil benchmark, was trading higher by 2.04% at $100.30 per barrel in futures trade.

On the domestic equity market front, Sensex jumped 1,718.01 points to settle at 81,028.02, and Nifty surged 493.75 points to 25,030.35.

Foreign institutional investors (FIIs) were net buyers on Thursday (November 5, 2026), purchasing equities worth ₹14,974.68 crore, according to exchange data.