The rupee opened at 88.70 against the US dollar in the interbank foreign exchange market. Symbolic image. , Photo Credit: Getty Images/iStockphoto
The rupee fell 5 paise to 88.75 against the US dollar in early trade on Friday (November 14, 2025) tracking negative trends in domestic equities and foreign fund outflows.
Forex traders said investors were adopting a cautious approach due to no announcement on the India-US trade agreement.
At the interbank foreign exchange market, the rupee opened at 88.70 against the US dollar and then fell to 88.75, 5 paise lower than its previous close.
On Thursday (November 13), the rupee fell 8 paise to close at 88.70 against the US dollar.
Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said, “Traders are surprised by the non-announcement of the India-US trade deal despite being very close to its completion. The rupee has been subdued in the last few days due to the prolonged absence of a formal agreement.”
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Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.04% lower at 99.11.
Global oil benchmark Brent crude was trading 1.57% higher at US$64 per barrel in futures trade.
On the domestic equity market front, Sensex fell 284.68 points to 84,193.99 in early trade, while Nifty fell 88.25 points to 25,790.90.
According to exchange data, foreign institutional investors sold equities worth Rs 383.68 crore on Thursday (November 13).
On the domestic macroeconomic front, Moody’s Ratings on Thursday (November 13) projected India’s economy to grow 7% in 2025 and 6.5% next year, supported by domestic and export diversification, amid a neutral-to-easy monetary policy stance.
India’s economic growth is supported by strong infrastructure spending and solid consumption, although the private sector remains cautious about business capital spending, Moody’s said in its Global Macro Outlook.
published – November 14, 2025 10:21 am IST
