Rupee falls 9 paise to 88.77 against U.S. dollar in early trade

The rupee fell 9 paise to 88.77 against the US dollar in early trade on Tuesday (October 14, 2025) due to the widespread strengthening of the American currency in the foreign market.

Forex traders said foreign fund outflows amid a risk-off tone globally dampened optimism over India-US trade talks.

Besides, the Reserve Bank of India is monitoring the depreciation of the USD-INR pair to 88.80, he said.

At the interbank foreign exchange market, the rupee opened at 88.73, and slipped to 88.77 against the greenback, showing a fall of 9 paise from its previous close.

On Monday (October 13, 2025), the rupee rose 4 paise to close at 88.68 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.07% to 99.19.

Global oil benchmark Brent crude rose 0.36% to $63.55 a barrel in futures trade.

“Trade tariffs are the only point that is hurting investors at the moment, while an Indian trade team is in the US to continue and finalize trade talks,” said Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP.

A team of senior Indian officials will visit the US this week for trade talks and talks on the proposed bilateral trade agreement are progressing well, a top official said on Monday (October 13, 2025).

In February this year, leaders of both the countries directed officials to negotiate the proposed bilateral trade agreement (BTA).

The first tranche of the agreement was planned to be concluded by the end of 2025 (October–November).

So far five rounds of talks have been completed.

Mr Bhansali further said that the cautious appreciation of the rupee and the technical condition near key levels like 88.80 and 88.50 indicate a well-balanced market.

“RBI steps and global trade developments will be important in USD-INR direction,” Mr Bhansali said.

Meanwhile, domestic stock markets were up in early trade with Sensex rising 246.32 points to 82,573.37, while Nifty rose 83 points to 25,310.35.

According to exchange data, foreign institutional investors sold equities worth ₹240.10 crore on Monday (October 13, 2025).