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The rupee recorded a decline of 15 money on Friday (September 5, 2025) against the constant outflow of foreign funds and the fear of additional US tariffs against India.
A weak greenback and falling crude oil prices failed to prevent the decline in the local unit, said by foreign currency traders.
In the interbank foreign currency, the rupee opened at 88.11 against the US dollar and touched the lowest intra-day level of 88.38 before finishing the session on the fresh all-time low closing mark of 88.27 (provisional), touched the lowest intra-day level of 88.38, below its previous about 15 money.
The local unit shut down 10 money at 88.12 against the US dollar on Thursday (September 4, 2025). The previous all-time for the rupee against the US dollar was at 88.15 on 2 September.
“Rupee reduced its records on the rumor of the Trump administration by imposing tariffs on the Indian IT sector, taking the shares down and taking the USD/INR pair up. However, the news agencies denied the rumor, although the dollar was still well -bid on 87.25 levels,” Anil Kumar Bhanasali, prominent, prominent, prominent, the head of the funerals.
“The markets estimated that the Reserve Bank of India (RBI) had strongly intervened to maintain the rupee. The rupee has been suffering after the tariff announcements of US President Donald Trump, and have not recovering despite the decline in the US dollar index and have not been able to recover and increase Asian currencies and especially with the continuous sellers of Yuan, Mudra,” he said. ,
Meanwhile, the dollar index, which detects the strength of greenback against the basket of six currencies, fell 0.31 percent to 98.03.
Global Oil Benchmark Brent crude was trading at $ 66.82 per barrel in futures trade, 0.25% less.
Published – 05 September, 2025 04:16 pm IST
