At the interbank foreign exchange, the rupee opened at 88.66 against the U.S. dollar and touched an intra-day high of 88.63 and a low of 88.73 during the day. Representational file image.
| Photo Credit: Reuters
The rupee consolidated in a narrow range and settled for the day lower by 6 paise at 88.68 (provisional) against the U.S. dollar on Thursday (November 13, 2025), as foreign fund outflows and continuous dollar demand from local importers, including oil companies, exerted pressure on the local currency.
Forex traders said the rupee is trading in a tight range, as an overnight decline in crude oil prices and renewed optimism over U.S.-India trade talks providing a steady anchor and restricted the downfall.
At the interbank foreign exchange, the rupee opened at 88.66 against the U.S. dollar and touched an intra-day high of 88.63 and a low of 88.73 during the day.
The domestic unit finally settled for the day at 88.68 (provisional), registering a loss of 6 paise from its previous close.
On Wednesday (November 12, 2025), the rupee depreciated 12 paise to close at 88.62 against the U.S. dollar.
“We expect the rupee to trade with a slight negative bias on dollar demand from importers. However, a positive tone in the domestic markets and falling global crude oil prices may support the rupee at lower levels. The USD-INR spot price is expected to trade in a range of 88.40 to 89,” said Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.29% lower at 99.20 after the Trump administration passed the bill to end a 43-day record government shutdown.
Brent crude, the global oil benchmark, was trading 0.21% lower at $62.58 per barrel in futures trade.
On the domestic equity market front, Sensex settled marginally up at 84,478.67, while the Nifty closed almost flat at 25,879.15.
Foreign Institutional Investors sold equities worth ₹1,750.03 crore on Wednesday (November 12, 2025), according to exchange data.
Meanwhile, the government on Wednesday (November 12, 2025) approved an Export Promotion Mission (EPM) with an outlay of Rs 25,060 crore for six financial years, beginning this fiscal year, a move that will help exporters deal with high tariffs imposed by the U.S.
The mission will be implemented through two sub-schemes — Niryat Protsahan (₹10,401 crore) and Niryat Disha (₹14,659 crore).
On the domestic macroeconomic front, retail inflation fell to a record low of 0.25% in October following a cut in GST rates on nearly 380 items of mass consumption coupled with subdued prices of vegetables, fruits and eggs.
October Consumer Price Index (CPI)-based inflation was lowest in the current series (base year 2012), which captures data since January 2014.
The inflation was 1.44% in September and 6.21% in October 2024.
Published – November 13, 2025 04:25 pm IST
