BusinessPhoto: Hindu BusinessRupee Hits Six-Week High of 94.43 on Jio IPO and RBI Support
The Indian rupee closed at a six-week high of 94.43 against the U.S. dollar on October 21, 2026, gaining 48 paise. This rise was driven by foreign currency inflows linked to Reliance Industries' Jio Platforms IPO and RBI intervention to curb dollar demand. Analysts noted that a stronger rupee could ease imported inflation and reduce costs for companies importing crude, despite pressure from weak domestic markets and higher crude prices.
Hindu Business··Mumbai




