Rupee falls 6 paise to 93.77 against U.S. dollar in early trade

Mumbai The rupee fell 6 paise to 93.77 against the U.S. dollar in early trade on Thursday (November 12, 2026), weighed down by the strengthening of the American currency. Forex traders said the latest inflation and employment figures in the U.S. have boosted Treasury yields and the greenback.

However, falling crude oil prices, alongside strong domestic equity markets and foreign inflows, could help support the rupee. In the interbank foreign exchange market, the rupee opened at around 93.73, then touched 93.77, down 6 paise from its previous closing level. On Wednesday, the rupee gained 6 paise to close at 93.71 against the U.S. dollar.

"The rupee's underlying momentum remains positive, backed by a steady return of foreign capital and softer crude prices. If these supportive factors continue, USD/INR could extend its decline towards 93.50, with 93.00 emerging as the next important level to watch.