Rupee falls 7 paise to settle at 89.43 against U.S. dollar

The rupee fell 7 paise to close at 89.43 (provisional) against the US dollar on Friday (November 28, 2025) amid a strong greenback and rise in crude oil prices in the international market.

“Weak equity market sentiment and foreign fund outflows also weighed on the Indian currency, even as investors keenly awaited the release of domestic macroeconomic data later in the day,” forex traders said.

At the interbank foreign exchange market, the rupee opened at 89.41 and touched an intra-day low of 89.49 against the dollar. It finally closed at 89.43 (provisional) against the US dollar, showing a loss of 7 paise from its previous close.

On Thursday, the rupee fell 14 paise to close at 89.36 against the US dollar.

“The Indian rupee remained negative amid a recovery in the US dollar index and mixed to weak domestic markets,” said Anuj Chaudhary, research analyst at Mirae Asset Sharekhan. Withdrawals by foreign institutional investors (FIIs) and overnight rise in crude oil prices also put pressure on the rupee.

“We expect the rupee to trade with a slightly positive bias due to increasing prospects of a rate cut by the Fed in December and easing geopolitical tensions,” Chaudhary said. “USD-INR spot price is expected to remain in the range of 89.25 to 89.70,” he said.

The rupee’s 3.5% loss against the greenback from end-March to end-October this year was in line with broader emerging market currency trends, the Finance Ministry said in its October monthly economic review released on Thursday.

“Looking at the longer trend, the rupee depreciated by 3.5% against the US dollar from end-March to end-October 2025, demonstrating a gradual weakening in line with broader emerging market currency trends,” the report said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was up 0.18% at 99.69.

Analysts attributed the strength in the greenback to increased demand from importers and banks for month-end trade payment settlements.

Global oil benchmark Brent crude rose 0.27% to $63.51 a barrel in futures trade.

On the domestic equity market front, Sensex closed marginally lower by 13.71 points at 85,706.67, while Nifty slipped 12.60 points to 26,202.95.

According to exchange data, FIIs sold equities worth ₹1,255.20 crore on a net basis on Thursday.