Rupee falls 3 paise to hit lifetime low of 88.82 in opposition to U.S. greenback

The rupee consolidated in a slender vary to settle 3 paise decrease at an all-time low of 88.82 (provisional) in opposition to the U.S. greenback on Monday (October 6, 2025) as a strengthening dollar within the abroad market and an in a single day soar in crude oil costs pressurised the home unit.

The USD/INR pair witnessed range-bound commerce and settled 3 paise decrease as help from optimistic home equities was offset by continued capital outflows and geopolitical developments, based on merchants.

At the interbank overseas change, the rupee opened at 88.75 in opposition to the U.S. greenback, and settled for the day at 88.82, a lack of 3 paise over its earlier shut.

On Friday (October 3), the rupee depreciated eight paise to shut at 88.79 in opposition to the U.S. greenback.

On September 30, the rupee had fallen to an all-time low of 88.80 in opposition to the U.S. greenback.

“We expect the rupee to trade with a positive bias on strength in the domestic markets and overall weakness in the U.S. Dollar. A weak tone in global crude oil prices may also favour the rupee. However, importer demand for the dollar may cap sharp gains. USD/INR spot price is expected to trade in a range of 88.50 to 89,” mentioned Anuj Choudhary, Research Analyst, Currency and Commodities, Mirae Asset ShareKhan.

Meanwhile, the greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, was buying and selling at 98.43, larger by 0.73%.

Brent crude, the worldwide oil benchmark, was buying and selling 1.61% larger at $65.58 per barrel in futures buying and selling.

Meanwhile, External Affairs Minister S. Jaishankar on Sunday (October 5, 2025) mentioned that any commerce deal between India and the U.S. should respect New Delhi’s “red lines” and efforts are underway to succeed in an understanding.

In an interactive session at an occasion, Mr. Jaishankar acknowledged that there have been “points” between India and the U.S., and lots of of them had been linked to the shortcoming to agency up the proposed commerce deal, at the same time as he famous that “there are issues you possibly can negotiate and there are issues you possibly can’t”.

The External Affairs Minister mentioned that each side haven’t but arrived at a “landing ground” on commerce discussions and that an understanding is critical, because the U.S. is the world’s largest market. But on the similar time, Mr. Jaishankar mentioned India’s purple traces needs to be revered.

On the home fairness market entrance, Sensex jumped 582.95 factors to settle at 81,790.12, whereas Nifty rallied 183.40 factors to 25,077.65.

Foreign institutional traders offloaded equities price ₹1,583.37 crore on a web foundation on Friday (October 3), based on change information.

Meanwhile, India’s overseas change reserves decreased by $2.334 billion to $700.236 billion through the week ended September 26, based on the RBI information on Friday (October 3).

In the earlier reporting week, the kitty had declined by $396 million to $702.57 billion.

Meanwhile, on the home macroeconomic entrance, the expansion of India’s companies sector eased in September from the latest excessive in August, as new enterprise and exercise expanded at slower charges, based on a month-to-month survey launched on Monday (October 6, 2025).

The seasonally adjusted HSBC India Services PMI Business Activity Index fell to 60.9 in September, from a 15-year excessive of 62.9 in August, amid aggressive situations and cost-control measures.