The Indian rupee posted its strongest daily advance since October 12 on Friday, November 6, ending 56 paise higher at 93.91 against the US dollar, compared with its previous close of 94.47, IANS reported from Mumbai.

Source: IANS via IANS Live

Renewed foreign portfolio inflows into domestic equities and a sharp fall in crude oil prices supported the currency, according to Moneycontrol's market report. The rupee also touched a six-month high during the session, taking its weekly gains to around 1.2 percent and making it one of Asia's better-performing currencies this week.

Source: Moneycontrol via TradingView News

93.91Rupee close vs US dollar on Nov 6
56 paiseSingle-day gain — biggest since Oct 12
94.47Previous close
~1.2%Weekly gain

Best in Asia on the day

The rupee emerged as the best-performing Asian currency on the day, appreciating 0.6 percent against the US dollar and outperforming all its regional peers. Dilip Parmar, Research Analyst at HDFC Securities, said the rupee outpaced all Asian peers, scoring its biggest single-day surge since October 12 to hit a six-month peak, the Moneycontrol report said.

Nation Press reported that the Reserve Bank of India was seen purchasing dollars near the 93.88 level during the session, a move it described as an effort to prevent excessive appreciation. The same report noted the rupee has depreciated 4.3 percent in calendar year 2026 so far, while gaining nearly 1 percent in the current financial year — so Friday's surge is a recovery within a weaker year, not a full reversal.

Source: Nation Press (IANS syndication with market analysis)