Rupee opens higher at 94.89 per dollar as most Asian currencies slip
According to TradingView, the rupee opened 6 paise stronger than its prior close at 94.89 per dollar, while most Asian currencies weakened against the greenback.
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what happened
The Indian rupee opened 6 paise stronger at 94.89 per US dollar on November 2, versus a prior close of 94.95, TradingView reported, citing Finrex. Finrex expects the rupee to hold roughly flat today as crude fell $2 to $111.35 on progress in US-Iran talks. The Dollar Index was unchanged at 101.88.
Most Asian currencies weakened against the greenback. The South Korean won led declines with a 0.35% drop, followed by the Malaysian ringgit at minus 0.16% and the Japanese yen at minus 0.13%. The Chinese renminbi was the top performer, gaining 0.10%.
why it matters
Currency traders are focused on the US midterm elections this week, which could change the balance of power in Congress and control over federal spending. The dollar held near 101.93 against a basket of currencies. Watch foreign portfolio inflows and possible RBI intervention, which aims to keep the rupee from falling sharply.
tags
instruments
sources
- Currency Check | Rupee opens marginally higher at 94.89/$; Asian currencies decline — TradingView, 2 November 2026 at 03:34 UTC
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