Rupee appreciates 24 paise to 93.74 against U.S. dollar in early trade

MUMBAI: The rupee appreciated 24 paise to 93.74 against the U.S. dollar in early trade on Monday (November 9, 2026), supported by lower crude prices, improving foreign flows and hopes of de-escalation in the West Asia.

Forex traders said the overall outlook for the rupee remains positive as any progress towards peace in the West Asia reduces the risk premium in crude oil and provides further support to the rupee.

Over the weekend, encouraging news came from the West Asia, as President Donald Trump indicated that fresh military strikes against Iran are highly unlikely if negotiations make progress and both sides reach a strong agreement.

The easing geopolitical tensions, along with softer crude oil prices, boosted investor sentiment and supported the domestic currency at the start of the week’s trading session.