Mumbai, Nov. 12 -- The Indian rupee reversed recent rally to edge lower in opening trades on Thursday. INR opened at Rs 93.73 per dollar and hit a low of 93.77 so far during the day. Firm dollar on Fed rate hike bets, steady equities after recent rally and mixed Asian cues are all seen dampening sentiments in rupee. Nevertheless, rupee is accruing support from declining global crude oil prices, capping losses in the counter. Indian rupee gained as domestic markets rose to an eight-month high amid FPI inflows and easing crude oil prices. The Indian benchmark indices trade higher in early morning trade on November 12, 2026, with the BSE Sensex up around 0.18% at 82,027.14 and the Nifty 50 up about 0.19% at 25,303.55.

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