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The rupee witnessed range-bound trading in morning deals on Friday (September 19, 2025) and reduced 7 money to 88.27 against the US dollar, less than a wide dollar strength and dragged the negative trend in domestic equity.
Forex traders said that recovery in US dollars shadow the reverse for the domestic unit. In addition, American tariff concerns and more investor affects emotions on India.
In the Interbank Forex Market, the rupee opened at 88.22, then lost the ground and touched the bottom of 88.27 against the US dollar, declining 7 money from its previous nearly.
On Thursday (September 18, 2025), the rupee shut down 35 money at 88.20 against the US dollar.
CR Forex Advisors MD Amit Pabri said, “The rupee may stumble after its recent run, but the story is over. Assistant trade development and firm domestic belief suggests that there is still a place for praise.”
The main support is placed at 87.70 – a constant break below this level can open the way towards 87.50 and, if the speed is formed, even 87.20. On the other hand, resistance is likely to be cap profit around 88.40, Pabri said.
Forex traders said that weekly unemployed claims in the US have declined by 33,000, which is far better than market estimates. The surprising change lifted the dollar index back to 97 levels after taking a dip below 96 a day earlier.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, fell 0.01 percent to 97.34.
Meanwhile, trade talks between India and the US are progressing and moving in the right direction, Commerce and Industry Minister Piyush Goyal said on Thursday.
He said that the assistant US trade representatives for South and Central Asia Brendon Lynch were in New Delhi for a delonging talks with the Indian official team on 16 September.
Published – September 19, 2025 10:26 AM IST