Rupee rises 10 paise to shut at 88.69 in opposition to U.S. greenback

The rupee appreciated 10 paise to shut at 88.69 (provisional) in opposition to the U.S. greenback on Friday (October 10, 2025), on energy within the home markets and broad weak point in crude oil costs.

Forex merchants mentioned the rupee gained on robust home markets and in a single day decline in commodity costs.

Intervention by the central financial institution additionally supported the home foreign money. However, a robust U.S. greenback capped sharp features, they added.

At the interbank international trade, the rupee opened at 88.80 and traded within the vary of 88.50-88.80 earlier than settling at 88.69 (provisional), 10 paise greater than its earlier shut.

On Thursday (October 9), the rupee closed at 88.79 in opposition to the dollar.

“We count on the rupee to commerce with a constructive bias on energy within the home markets and broad weak point in crude oil costs. U.S. authorities shutdown and rising odds of a fee reduce by the U.S. Federal Reserve could additional strengthen the rupee,” mentioned Anuj Choudhary, Research Analyst, Currency and commodities, Mirae Asset ShareKhan.

Mr. Choudhary additional added that “a robust U.S. greenback and importer demand for {dollars} could cap sharp upside. USD-INR spot worth is anticipated to commerce in a variety of 88.40 to 88.85”.

Meanwhile, the greenback index, which gauges the dollar’s energy in opposition to a basket of six currencies, was buying and selling 0.21% decrease at 99.32, as safe-haven demand for {dollars} continues maintaining the greenback properly bid.

Brent crude, the worldwide oil benchmark, was buying and selling decrease by 0.61% at $64.85 per barrel in futures buying and selling.

On the home fairness market entrance, the benchmark delicate index Sensex superior 328.72 factors, up 0.40% to 82,500.82, whereas the Nifty climbed 103.55 factors or 0.41% to 25,285.35.

Meanwhile, Foreign Institutional Investors purchased equities value ₹1,308.16 crore on Thursday (October 9), based on trade knowledge.