Forex traders stated that the domestic unit is hovering around its all -time low levels between the US dollar index and the outflow of foreign funds. The image used only for representative purpose. , Photo Credit: Reuters
The rupee witnessed range-bound trading in morning deals on Friday and as tariff-led pressure on India’s exports as a pressure pressure on India to 88.42 against the US dollar to 88.42 and foreign funds outflow maintained investors’ sentiments.
Forex traders stated that the domestic unit is hovering around its all -time low levels between the US dollar index and the outflow of foreign funds.
The demand for dollars from importers and ongoing tariff issues between India and the US also put pressure on the rupee.
In the Interbank Foreign Exchange Market, the rupee opened at 88.39, then lost the ground and touched an early low of 88.42 against the US dollar, leading to a fall of 7 money in its previous close.
On Thursday, the rupee dropped 24 money and closed for the day of all time of 88.35 against the US dollar and slipped against Greenback for 88.47 intradays.
“It is now marked with fresh record climbing, the near-term limit for USD/INR is likely to be between 87.90 and 88.60. Weak-dollar theme, in association with expectation that US-India can make business talks progress, can provide some respiratory chambers for the rupee in the coming days.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, increased 0.10% to 97.62.
Global Oil Benchmark Brent crude was trading at $ 65.82 per barrel in futures trade, 0.83% less.
On the domestic equity market front, Sensx climbed 287.93 points in early trade to 81,836.66, while Nifty scored 84.25 points 25,089.75.
According to exchange data, foreign institutional investors on Thursday launched a price of ₹ 3,472.37 crore.
Meanwhile, Commerce and Industry Minister Pizuh Goyal said on Thursday that negotiations on the proposed trade agreement between India and the US, which started in March, is progressing in a positive atmosphere and both countries are satisfied with progress.
The comment follows Mr. Trump’s announcement that there will be “no difficulty” to come to a successful conclusion in business talks for the two countries and he is eager to speak with his “very good friends” Prime Minister Narendra Modi in the coming weeks.
Published – September 12, 2025 11:01 am IST
