Image used for representational purposes only. , Photo courtesy: Reuters
The rupee fell three paise to close at 88.73 (provisional) against the US dollar on Friday (November 14, 2025) due to the strengthening of the American currency and rising crude oil prices.
Forex traders said the rupee supported the rupee at lower levels after a surge in domestic equities following a sweeping mandate for the ruling coalition in the Bihar elections.
The rupee opened at 88.70 against the US dollar in the interbank foreign exchange market. During the day, the domestic unit hit an intra-day low of 88.75 against the greenback.
The rupee finally closed at 88.73 (provisional), down three paise over its previous close.
On Thursday (November 13, 2025), the rupee fell eight paise to close at 88.70 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.12% higher at 99.27.
Global oil benchmark Brent crude was trading 1.59% higher at $63.98 a barrel in futures trade.
On the domestic equity market front, Sensex closed 84.11 points higher at 84,562.78, while Nifty was up 30.90 points at 25,910.05.
According to exchange data, foreign institutional investors sold equities worth ₹383.68 crore on Thursday (November 13, 2025).
On the domestic macroeconomic front, wholesale price inflation fell to a 27-month low of (-) 1.21% in October due to sharp deflation in food items like pulses and vegetables and lower prices of fuel and manufactured goods.
Wholesale price index (WPI) based inflation stood at 0.13% in September and 2.75% in October last year, government data showed on Friday (November 14, 2025).
Meanwhile, Moody’s Ratings on Thursday (November 13, 2025) 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 05:07 PM IST
