Rupee opens unchanged at 94.46 per dollar as Asian peers diverge
The Indian rupee opened at 94.46 per dollar on October 22, unchanged from Wednesday's close, while Asian currencies traded mixed, per TradingView citing Finrex.
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what happened
The Indian rupee started trading on October 22 without a change against the dollar, opening at 94.46 per dollar, the same level as Wednesday's close. Finrex expects the currency to stay within a narrow band of 94.15 to 94.60.
According to the analysis, inflows linked to JIO are expected to continue and support the rupee, even though the dollar index is stable and Brent oil prices are steady. Premiums remain high, so large importers are not hedging for longer periods and are buying only for the near term. Exporters are selling into strength, while importers are buying on dips.
The source notes that Tuesday could bring outflows after the IPO is completed and shares are allotted, along with month-end demand and an FOMC decision on interest rates. Asian currencies moved in different directions against the dollar: the South Korean won, Thai baht and Chinese renminbi edged higher, while the Indonesian rupiah, Philippine peso and Taiwan dollar posted the biggest losses.
why it matters
For markets, this points to short-term moves in the Indian currency: with the dollar index steady, the rupee relies on domestic flows and hedging premiums. An FOMC rate decision, mentioned in the forecast, could add volatility across the broader Asian currency group.
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- Currency Check | Rupee opens flat at 94.46 per dollar; Asian peers trade mixed — TradingView, 22 October 2026 at 03:34 UTC
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