Rupee rises 7 paise to close at 93.70 against U.S. dollar

Mumbai The rupee gained 7 paise to close at 93.70 (provisional) against the U.S. dollar on Wednesday (November 11, 2026), driven by domestic market strength and foreign capital inflows, alongside potential support from declining global crude oil prices. Forex traders said the Indian rupee gained as domestic markets rose to an eight-month high amid FPI inflows and easing crude oil prices.

However, a strong dollar and a surge in U.S. Treasury yields capped sharp gains. The dollar strengthened on hotter-than-expected CPI inflation in the U.S., raising odds of a rate hike by the Fed in December.

What the BRICS carbon market partnership needs What the BRICS carbon market partnership needs BRICS can turn fragmented carbon markets into a coordinated trading framework What the BRICS carbon market partnership needs opinion 1 At the interbank foreign exchange market, the rupee opened at 93.71 against the U.S. dollar. During intra-day trade, the rupee witnessed a high of 93.63 and a low of 93.88 against the American currency.