Rupee slumps 44 paise to close at 94.82 against U.S. dollar
The Indian Rupee fell by 44 paise to close at 94.82 against the U.S. dollar on October 22, 2026. The decline was driven by sluggish domestic equity markets and rising crude oil prices caused by geopolitical tensions in the Middle East.
Why it matters
Currency fluctuations impact India's import costs, particularly for energy, and influence domestic inflation and monetary policy.
Rupee slumps 44 paise to close at 94.82 against U.S. dollar left Image used for representation purpose only. Reuters Reuters https://th-i.thgim.com/public/incoming/v8mcag/article71611123.ece/alternates/FREE_1200/2026-10-15T071129Z_939417449_RC26SMAWQ15B_RTRMADP_3_INDIA-MARKETS-RUPEE-FORWARDS.JPG FRANCIS MASCARENHAS FILE PHOTO: A man walks past an Indian Rupee symbol installation at the Reserve Bank of India (RBI) headquarters in Mumbai, India, August 5, 2026. REUTERS/Francis Mascarenhas//File Photo According to forex analysts, the rupee began trading on a flat-to-lower trajectory due to sluggish domestic equities and surging crude oil prices Mumbai The rupee slumped 44 paise to close at 94.82 (provisional) against the U.S. dollar on Thursday (October 22, 2026), weighed down by a negative trend in the domestic equity markets and surging crude oil prices. According to forex analysts, the rupee began trading on a flat-to-lower trajectory due to sluggish domestic equities and surging crude oil prices.
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