The rupee declined by 12 paise from its previous closing level of 88.68. , Photo courtesy: Reuters
The rupee fell 12 paise to its all-time low of 88.80 (provisional) against the US dollar on Tuesday (October 14, 2025) due to negative domestic equities and overnight gains in the American currency.
Forex traders said foreign fund outflow amid a risk-off mode globally further dented investor sentiment.
However, falling crude oil prices and reports of RBI intervention supported the local unit and limited the losses.
At the interbank forex, the rupee opened at 88.73 against the greenback and fell to an intraday low of 88.81 and a high of 88.73. It finally closed at 88.80 against the greenback, showing a decline of 12 paise from its previous close of 88.68.
On September 30, the rupee had reached an all-time low of 88.80 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.10% higher at 99.36.
Global oil benchmark Brent crude was trading 2.15% lower at $61.99 a barrel in futures trade.
According to some experts, US-India trade tariffs are the only point that is hurting investor sentiments.
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.
Anuj Chaudhary, Research Analyst, Currency and Commodity, Mirae Asset Sharekhan said, “A weak trend in global crude oil prices and FII inflows may support the rupee. US government shutdown and rising possibility of a rate cut by the US Federal Reserve may put further pressure on the US dollar. USD/INR spot price is expected to trade between 88.50 to 89.”
On the domestic macroeconomic data front, India’s CPI inflation fell to an 8-year low of 1.54% in September as against 2.07% in August. This fell below the RBI’s inflation target of 2%.
WPI inflation also came down to 0.13% in September compared to 0.52% in August.
On the domestic equity market front, Sensex fell 297.07 points to close at 82,029.98, while Nifty fell 81.85 points to 25,145.50.
According to exchange data, foreign institutional investors sold equities worth ₹240.10 crore on Monday.
published – October 14, 2025 04:40 PM IST