The rupee fell three paise to close at 88.73 (provisional) against the U.S. dollar on Friday (November 14, 2025), weighed down by the strength of the American currency and rising crude oil prices.

Forex traders said a rebound in domestic equities following a sweeping mandate for the ruling alliance in the Bihar polls supported the rupee at lower levels.

At the interbank foreign exchange market, the rupee opened at 88.70 against the U.S. dollar. During the day, the domestic unit witnessed an intra-day low of 88.75 against the greenback.

The rupee finally settled for the day at 88.73 (provisional), down three paise over its previous close.

On Thursday (November 13, 2025), the rupee settled eight paise lower at 88.70 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.12% higher at 99.27.

Brent crude, the global oil benchmark, was trading 1.59% higher at $63.98 per barrel in futures trade.

On the domestic equity market front, Sensex rose 84.11 points to settle at 84,562.78, while Nifty was up 30.90 points to 25,910.05.

Foreign institutional investors sold equities worth ₹383.68 crore on Thursday (November 13, 2025), according to exchange data.

On the domestic macroeconomic front, wholesale price inflation fell to a 27-month low of (-) 1.21% in October, led by a sharp deflation in food items like pulses and vegetables, and lower prices of fuel and manufactured items.

Wholesale Price Index (WPI)-based inflation was 0.13% in September and 2.75% in October last year, government data showed on Friday (November 14, 2025).

Meanwhile, Moody’s Ratings on Thursday (November 13, 2025) projected India’s economy to grow at 7% in 2025 and 6.5% in the next year, supported by domestic and export diversification, amid a neutral-to-easy monetary policy stance.

Moody’s, in its Global Macro Outlook, said India’s economic growth is supported by robust infrastructure spending and solid consumption, although the private sector remains cautious about business capital spending.