Rupee rises 10 paise to close at 88.69 against U.S. dollar

admin — Fri, 10 Oct 2025 10:53:00 +0000

Indian currency notes are displayed on top of a newspaper at a roadside currency exchange stall, in the old quarters of Delhi, India, September 24, 2025. REUTERS/Anushree Fadnavis
| Photo Credit: Reuters

The rupee appreciated 10 paise to close at 88.69 (provisional) against the U.S. dollar on Friday (October 10, 2025), on strength in the domestic markets and broad weakness in crude oil prices.

Forex traders said the rupee gained on strong domestic markets and overnight decline in commodity prices.

Intervention by the central bank also supported the domestic currency. However, a strong U.S. dollar capped sharp gains, they added.

At the interbank foreign exchange, the rupee opened at 88.80 and traded in the range of 88.50-88.80 before settling at 88.69 (provisional), 10 paise higher than its previous close.

On Thursday (October 9), the rupee closed at 88.79 against the greenback.

“We expect the rupee to trade with a positive bias on strength in the domestic markets and broad weakness in crude oil prices. U.S. government shutdown and rising odds of a rate cut by the U.S. Federal Reserve may further strengthen the rupee,” said Anuj Choudhary, Research Analyst, Currency and commodities, Mirae Asset ShareKhan.

Mr. Choudhary further added that “a strong U.S. dollar and importer demand for dollars may cap sharp upside. USD-INR spot price is expected to trade in a range of 88.40 to 88.85”.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.21% lower at 99.32, as safe-haven demand for dollars continues keeping the dollar well bid.

Brent crude, the global oil benchmark, was trading lower by 0.61% at $64.85 per barrel in futures trading.

On the domestic equity market front, the benchmark sensitive index Sensex advanced 328.72 points, up 0.40% to 82,500.82, while the Nifty climbed 103.55 points or 0.41% to 25,285.35.

Meanwhile, Foreign Institutional Investors bought equities worth ₹1,308.16 crore on Thursday (October 9), according to exchange data.

Published – October 10, 2025 04:23 pm IST

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Rupee rises 18 paise to 86.26 against U.S. dollar in early trade

admin — Fri, 24 Jan 2025 04:52:41 +0000

On January 23, 2025, Rupee declined nine paise to settle at 86.44 against the U.S. dollar. File
| Photo Credit: The Hindu

Rupee appreciated 18 paise to 86.26 against the U.S. dollar in morning trade on Friday (January 24, 2025), supported by positive domestic equities and soft American currency index.

Forex traders said weak crude oil prices and positive domestic markets supported the local unit, while sustained foreign fund outflows weighed on the local unit. Traders further noted that the upcoming Union Budget will play a crucial role in shaping market sentiment and the Rupee’s trajectory.

At the interbank foreign exchange, the Rupee opened at 86.31 and touched 86.26 against the U.S. dollar, registering a rise of 18 paise from its previous close. The local unit also touched 86.33 against the U.S. dollar initial trade. On Thursday (January 23, 2025), the Rupee declined nine paise to settle at 86.44 against the U.S. dollar.

The Rupee has shown signs of resilience, appreciating over the past two trading sessions owing to a weakening dollar. Moreover, on a positive note, upcoming inflows from fundraising activities by IREDA of $570 million are expected to provide additional support to the Rupee, CR Forex Advisors MD Amit Pabari said.

“… The USD/INR pair is expected to trade within the range of 86.20–86.80. A break below 86.20 could pave the way for further downside toward 85.80–86.00 levels,” Mr. Pabari added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.15% at 107.88. Brent crude, the global oil benchmark, fell by 0.22% to $78.12 per barrel.

On the domestic equity market front both the benchmark indices Sensex and Nifty opened on a positive note. The 30-share sensitive index Sensex was trading 166.71 points or 0.22% up at 76,687.09 in early trade. Similarly, the wide-based Nifty trading was trading higher by 49.30 points or 0.21% at 23,254.65 points.

Foreign Institutional Investors (FIIs) remained net sellers in the capital markets on Thursday (January 23, 2025), as they offloaded shares worth ₹5,462.52 crore, according to exchange data.

Published – January 24, 2025 10:22 am IST

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Rupee gains – Artifex.News

Rupee rises 10 paise to close at 88.69 against U.S. dollar

Rupee rises 18 paise to 86.26 against U.S. dollar in early trade