Representative picture | Photo Credit: Reuters
Forex merchants stated the rupee is buying and selling close to an all-time low, pushed by risk-averse sentiments amid India-U.S. commerce deal uncertainty.
Moreover, a muted pattern in home equities additional dented buyers’ sentiments.
At the interbank international trade market, the rupee opened at 88.15 in opposition to the U.S. greenback, then touched 88.00, registering a acquire of 15 paise from its earlier shut.
On Tuesday (September 2, 2025), the rupee declined 5 paise to an all-time low of 88.15 in opposition to the U.S. greenback.
The rupee opened barely on the optimistic facet, however greenback shopping for might push it again decrease, stated Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
“With the Competitive Commission having cleared the $1.6 billion of shares bought by SMBC bank, we can soon expect the inflows to hit the market to keep rupee steady but within the range of 87.80 to 88.30 with a watch on the RBI as to whether it keeps a tab on 88.30,” Mr. Bhansali stated.
Meanwhile, the greenback index, which gauges the buck’s power in opposition to a basket of six currencies, was buying and selling at 98.48, increased by 0.09%. Brent crude, the worldwide oil benchmark, was buying and selling 0.27% decrease at $68.95 per barrel in futures commerce.
On the home fairness market entrance, Sensex declined 153.28 factors to 80,004.60 in early commerce, whereas the Nifty dipped 46.4 factors to 24,533.20.
Foreign Institutional Investors offloaded equities value ₹1,159.48 crore on Tuesday (September 2, 2025), in keeping with trade knowledge.
Published – September 03, 2025 10:02 am IST
