Rupee traders weigh Jio IPO flows against oil price risks

Business Recorder • Oct 22, 2026

MUMBAI: The Indian rupee is likely to open flat on Thursday , with traders looking to Jio Platforms IPO flows and positioning for ​direction while oil prices remain a risk. The Indian rupee is expected to ‌open in 94.44-94.50 range, per traders, after settlin...

MUMBAI: The Indian rupee is likely to open flat on Thursday , with traders looking to Jio Platforms IPO flows and positioning for ​direction while oil prices remain a risk. The Indian rupee is expected to ‌open in 94.44-94.50 range, per traders, after settling at 94.46 to the dollar on Wednesday. The currency is on an eight-session winning streak, climbing from around 96.60-96.70. A series of ​measures by the Reserv...