This picture is used for representational objective solely. | Photo Credit: Reuters
Forex merchants stated the greenback index rose to 99.05 and the 10-year yield to 4.07% regardless of the 25 bps price reduce by the Fed in a single day.
At the interbank international trade, the rupee opened at 88.37 towards the U.S. greenback earlier than dropping to 88.43, down 21 paise from its earlier shut.
On Wednesday (October 29, 2025), the rupee had settled at 88.22 towards the U.S. greenback.
“The U.S. greenback index rose from Wednesday (October 29, 2025) to 99.02 after the Fed chair introduced that one other price reduce this 12 months is ‘not a foregone conclusion’ because the greenback discovered assist at decrease ranges even after the speed reduce.
“Markets are additionally weighing the consequences of the continuing U.S. shutdown and the blended financial indicators,” stated Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
Meanwhile, the greenback index, which gauges the dollar’s power towards a basket of six currencies, was buying and selling at 99.06.
Brent crude, the worldwide oil benchmark, was buying and selling 0.25% decrease at $64.75 per barrel in futures buying and selling.
U.S. President Donald Trump on Wednesday (October 29, 2025) stated he respects Prime Minister Narendra Modi and that a terrific deal is coming with the nation.
“We await the identical, as on such a day the rupee will achieve by 40-50 paise. Asian currencies had been typically on the upside, and subsequently, we anticipate the rupee to be purchased towards the greenback,” Mr. Bhansali added.
On the home fairness market entrance, Sensex declined 297.96 factors to 84,699.17 in early commerce, whereas the Nifty dropped 90.05 factors to 25,963.85.
Foreign institutional traders bought equities price ₹2,540.16 crore on Wednesday (October 29, 2025), in accordance with trade information.
Published – October 30, 2025 10:24 am IST
