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The rupee recovered from record low against the US dollar on Tuesday (November 4, 2025) due to fall in crude oil prices overseas and closed at 88.66 (provisional), up 11 paise.
Forex traders said a stronger dollar, outflow of foreign funds and weak domestic equity markets capped sharp gains in the Indian currency.
At the interbank foreign exchange, the rupee opened at 88.55 and hit an intra-day high of 88.28 against the greenback. The unit also touched a low of 88.67 against the dollar before ending the session at 88.66 (provisional), 11 paise higher than its previous close.
On Monday (November 3, 2025), the domestic unit, falling for the third consecutive session, fell 7 paise to close at 88.77 against the US dollar, close to its all-time closing level.
The rupee had recorded its lowest ever close of 88.81 against the dollar on October 14.
Foreign exchange markets will remain closed on Wednesday due to Prakash Gurupurva holiday.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.09 percent to 99.80.
Global oil benchmark Brent crude fell 1.37% to $64 a barrel in futures trade.
On the domestic equity market front, Sensex fell 519.34 points or 0.62% to close at 83,459.15, while Nifty fell 165.70 points or 0.64% to 25,597.65.
According to exchange data, foreign institutional investors sold equities worth ₹1,883.78 crore on Monday (November 3, 2025).
A monthly survey released on Monday (November 3, 2025) showed India’s manufacturing sector activity strengthened in October, boosted by goods and services tax relief, productivity gains and technology investment, even as international sales grew at a weak pace.
The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 59.2 in October from 57.7 in September, indicating a sharp improvement in the health of the sector.
published – November 04, 2025 04:20 PM IST
