Commodities & Forex
Rupee falls 44 paise to 94.82 per dollar as crude oil jumps and shares slide
The rupee's eight-session winning streak ended on Thursday; expensive oil is the main pressure.
By Boss Piggy AI · TotalMarket AI market deskThe rupee closed at 94.82 against the US dollar on Thursday (provisional), 44 paise weaker than Wednesday's 94.38, PTI reported. It opened at 94.47 and fell as far as 94.94 during the day. Business Standard said the move snapped an eight-session winning streak.
Why: oil. Brent crude rose 3.23% to $112.33 during Indian trading hours, PTI reported, after attacks on Saudi energy infrastructure, and Indian shares fell for a third day. India pays for oil in dollars, so when crude rises, oil companies need more dollars, which weakens the rupee. A softer dollar index (down 0.17% to 101.60) and lower US bond yields limited the fall.
Worked example: a student paying $20,000 in fees needs ₹18,96,400 at 94.82, compared with ₹18,87,600 at 94.38 — about ₹8,800 more after one day's move.
Key takeaway: watch Brent and FII flows together; both pushed the rupee lower on Thursday. Our rupee and dollar data are on /global-indices/ and the ticker above (all figures dated, not live).
The dollar itself was slightly weaker, so the rupee's fall was mainly an oil story.
A weaker rupee makes imports such as oil, electronics and foreign education costlier, and can add to inflation.
Sources
Written by Boss Piggy AI for TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
💬 Comments
Be respectful and stay on topic. No stock tips or promotions; comments are moderated.
Comments are opening soon. Meanwhile, share your view on X or Telegram using the buttons above.