Rupee under pressure: Currency slips to 94.50 as oil rises, Dalal Street struggles in red​on October 22, 2026 at 4:56 am

The Indian Rupee fell by 12 paise, settling at 94.50 against the US dollar, driven primarily by surging crude oil prices. However, the currency found some respite from a weaker dollar and declining US treasury yields. Local stock market volatility and climbing oil costs further pressured the rupee. Notably, foreign institutional investors recently bought Rs 1,022.32 crore in equities.