Rupee recovers seven paise from all-time low stage to shut at 88.28 towards U.S. greenback

The Rupee recovered from all-time lows and settled for the day greater by seven paise at 88.28 (provisional) towards the U.S. greenback on Friday (September 12, 2025), on weak spot within the U.S. greenback index and optimistic home markets.

Forex merchants mentioned the home unit traded in a good vary and hovered round its all-time low stage as tariff-led stress on India’s exports and sustained international fund outflows dented traders sentiments.

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At the interbank international trade, the home unit opened at 88.39 and fell to an intraday low of 88.42 towards the U.S. greenback in the course of the session. The home unit settled for the day at 88.28 (provisional), recovering seven paise over its earlier shut.

On Thursday (September 11, 2025), the Rupee slumped 24 paise and closed for the day at an all-time low of 88.35 towards the U.S. greenback. It had additionally touched the lowest-ever intraday stage of 88.49 towards the dollar.

“We expect the Rupee to trade with a slight positive bias on overall weakness in the U.S. dollar and rise in risk appetite in global markets on rising odds of a rate cut by Fed in its upcoming FOMC meeting next week,” mentioned Anuj Choudhary, Research Analyst, Currency and commodities, Mirae Asset ShareKhan.

“Markets now anticipate a 75 bps fee minimize in 2025. However, FII outflows and uncertainty over commerce tariff points between India and the U.S. might cap sharp upside,” Mr. Choudhary mentioned, including that merchants might take cues from University of Michigan shopper sentiment knowledge from the U.S. “The USD-INR spot worth is predicted to commerce in a variety of 88 to 88.50,” he mentioned.

Meanwhile, the greenback index, which gauges the dollar’s power towards a basket of six currencies, rose 0.22% to 97.74. Brent crude, the worldwide oil benchmark, was buying and selling 0.65% greater at $66.80 per barrel in futures commerce.

On the home fairness market entrance, Sensex jumped 355.97 factors to settle at 81,904.70, whereas the Nifty climbed 108.50 factors to 25,114. Foreign Institutional Investors offloaded equities value ₹3,472.37 crore on Thursday (September 11, 2025), based on trade knowledge.

Meanwhile, Commerce and Industry Minister Piysuh Goyal on Thursday (September 11, 2025) mentioned that negotiations between India and the U.S. on the proposed commerce settlement, which started in March, are progressing in a optimistic ambiance and each the nations are glad with the progress.

These remarks observe the announcement by U.S. President Donald Trump that there can be “no difficulty” for the 2 nations to return to a profitable conclusion in commerce talks and he appears to be like ahead to talking along with his “very good friend” Prime Minister Narendra Modi within the coming weeks.