New Delhi, Oct. 22 -- The Indian rupee nudged higher on Thursday, into a technically "overbought" zone, as chunky foreign inflows for Jio Platforms IPO added to tailwinds from recent regulatory measures that propped up the local currency .

The IPO-linked inflows helped the rupee gain to 94.35 per dollar, from its previous close at 94.46, despite higher oil prices. Brent crude rose nearly 2% to $110.6 per barrel on worries over hostilities in the Middle East after the United States ordered some diplomats to leave its missions in Saudi Arabia.

The currency is now on course for an eight-day streak of gains, having recovered from near record-low levels hit earlier in the month. Strong foreign portfolio flows drawn by the $3.2 billion record...