📰 ET Markets 🔴 BEARISH 🕒 23 Oct 2026, 06:04 AM IST

Rupee declines first time in eight sessions as Brent oil prices rise above $112

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Core Development: Rupee declines first time in eight sessions as Brent oil prices rise above $112

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Market & Financial Impact: On Thursday, the Indian rupee declined for the first time in eight trading sessions. This occurred even amid foreign portfolio investment inflows for the Jio Platforms IPO. Brent oil prices climbed to over $112 per barrel, contributing to the rupee's fall. Currency traders predict the rupee will trade between 94.50 and 95.25 on Friday. The Reserve Bank of India may intervene near 95 per dollar levels.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

The currency is expected to trade between 94.50 and 95.25 on Friday.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Rupee declines first time in eight sessions as Brent oil prices rise above $112

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