The rupee swung 3 paise higher to 94.79 on Friday, a 0.3% gain from Thursday’s close of 94.82 after a 43‑paise slide the day before.
Brent crude climbed to $115 a barrel, up 3.23% from $112.33 earlier in the week, as Houthi attacks on Saudi shipping routes stoke supply fears.
The dollar index eased 0.3% to 98.2, while 10‑year U.S. Treasury yields fell 5 basis points to 4.1%, cushioning the currency’s losses.
Foreign‑portfolio outflows remain a concern; higher import bills from the oil surge could push dollar demand up, prompting traders to monitor risk‑off sentiment closely.
With oil‑price volatility and global risk appetite in flux, analysts expect the rupee to trade between 94.7 and 95.5 until the next RBI policy meeting in early June.