BT BIG STORY: The Rupee bounces back, but the ₹100 threat isn't gone yet
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The rupee is now one of Asia’s best-performing currencies, closing at 93.69 against the dollar on November 11.
- ✓Cooling crude oil prices and a surge in foreign investor inflows helped the currency recover.
- ✓Manoj Purohit said, “The renewed FPI interest has been driven by attractive valuations and resilient earnings growth.”
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Today
- Reading Speed
- 6 Minute(s)
- Market Focus
- India Economy
How quickly things can change. As of November 11, 2026, the rupee is one of the best-performing currencies in Asia, having staged a strong turnaround. It closed at around 93.69 against the greenback on November 11, up around 0.2% from 93.93 on November 9. The currency has now gained more than 3.3% since its record low of 96.96 on May 20 and is at its strongest level since April.
The rupee is up close to 1% so far in the current financial year, behind only the South Korean won and the Chinese renminbi in Asia. Many other regional currencies have continued to depreciate, with the Indonesian rupiah down around 6%. The Philippine peso, the Taiwanese dollar and the Thai baht have also weakened against the dollar.
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