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On Monday (November 10, 2025), the rupee fell 6 paise to close at 88.71 (provisional) against the US dollar due to higher crude oil prices.
However, forex traders said positive domestic equity markets and a soft US dollar offset the rupee’s decline.
At the interbank forex market, the rupee opened at 88.64 against the American currency and touched a high of 88.64 and a low of 88.71 against the greenback during the day.
The domestic unit finally closed for the day at 88.71 (provisional), 6 paise lower than its previous close.
On Friday (November 7, 2025), the rupee slipped 2 paise to 88.65 against the US dollar.
“We expect the rupee to trade with a slight downside bias due to uptrend in global markets and bounce in crude oil prices. Demand from importers for the US dollar may also put pressure on the rupee. However, weakening of the US dollar may provide support to the rupee at lower levels amid concerns over the long-term health of the US economy. The market may remain volatile as the US government shutdown ends. USD-INR spot price is expected to trade in the range of 88.50 to 89. Expected,” said Anuj Choudhary. Research Analyst, Mirae Asset Sharekhan.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.04% to 99.55.
Global oil benchmark Brent crude rose 1.01% to $64.27 a barrel in futures trade.
On the domestic equity market front, Sensex closed 319.07 points higher at 83,535.35, while Nifty rose 82.05 points to 25,574.35.
According to exchange data, foreign institutional investors bought equities worth ₹4,581.34 crore on Friday (November 7, 2025).
Meanwhile, the Reserve Bank of India on Friday (November 7, 2025) said India’s foreign exchange reserves fell by $5.623 billion to $689.733 billion in the week ended October 31.
Total reserves had declined by $6.925 billion to $695.355 billion.
published – November 10, 2025 04:39 PM IST
