The rupee appreciated 8 paise to 88.62 against the U.S. dollar in early trade on Thursday (November 6, 2025) amid a weak American currency and lower level of crude oil prices overseas.

Positive sentiment in domestic equity markets also supported the Indian currency even though selling pressure from foreign investors prevented a sharp gain, forex traders said.

At the interbank foreign exchange, the rupee opened at 88.51 and went up to 88.49 before trading at 88.62 against the greenback in early deals, up 8 paise from its previous closing level.

The domestic unit had settled with a gain of 7 paise at 88.70 against the dollar on Tuesday (November 4). The foreign exchange markets were closed on Wednesday (November 5) on account of the Prakash Gurpurab holiday.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.16% to 99.90.

Brent crude, the global oil benchmark, rose marginally by 0.17% to USD 63.63 per barrel in futures trading.

In the domestic equity market, Sensex climbed 321.81 points or 0.39% to 83,780.96 in early trade while Nifty rose 57.05 points or 0.22% to 25,654.70.

Foreign institutional investors sold equities worth ₹1,067.01 crore on Tuesday (November 4), according to exchange data.

Equity benchmark indices Sensex and Nifty were trading lower in early trade on Tuesday (November 4, 2025) amid persistent foreign fund outflows and weak trend in Asian markets.

The 30-share BSE Sensex dropped 55 points to 83,923.48 in early trade. The 50-share NSE Nifty dipped 40.95 points to 25,722.40.

From the Sensex firms, Power Grid, Eternal, HCL Tech, Maruti, Tata Motors and Infosys were among the major laggards.

However, Bharti Airtel, Titan, Reliance Industries and Mahindra & Mahindra were the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,883.78 crore on Monday (November 3), according to exchange data. Domestic Institutional Investors (DIIs), however, bought stocks worth ₹3,516.36 crore in the previous trade.

“FIIs renewed selling is constraining the rally in the market. During the last four days FIIs have sold equity worth ₹14,269 crore. This is an indication that they will continue to sell on rallies. Higher valuations in India and muted earnings growth are restraining FIIs who are more focused on cheaper markets with better earnings growth,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index and Shanghai’s SSE Composite index quoted lower while Hong Kong’s Hang Seng index traded in positive territory.

U.S. markets ended mostly higher on Monday (November 3).

Global oil benchmark Brent crude dipped 0.20% to $64.76 a barrel.

On Monday (November 3), the Sensex inched up by 39.78 points or 0.05% to settle at 83,978.49. The Nifty eked out a marginal gain of 41.25 points or 0.16% to end at 25,763.35.