Rupee falls 10 paise to shut at all-time low of 88.19 towards U.S. greenback

The rupee depreciated 10 paise to shut at an all-time low of 88.19 (provisional) towards the U.S. greenback on Monday (September 1, 2025) amid Indo-U.S. commerce deal uncertainties and better greenback demand from importers.

Forex merchants mentioned the rupee opened on a weaker word this morning and revisited its all-time intra-day low of 88.33 towards the American forex, weighed down by persistent overseas fund outflows.

At the interbank overseas alternate market, the rupee opened at 88.18 towards the U.S. greenback, then misplaced floor and fell to an all-time intra-day low of 88.33, as further commerce tariffs on India by the U.S. raised issues over India’s commerce deficit.

The home unit lastly settled at an all-time closing low of 88.19 (provisional) towards the buck, registering a fall of 10 paise over its earlier shut.

On Friday (August 29, 2025), the rupee breached the 88 per U.S. greenback mark for the primary time and closed at an all-time low of 88.09. During intra-day commerce, it had touched an all-time intra-day low of 88.33.

The rupee recovered from an all-time intraday low on Monday (September 1, 2025) because of the power in home markets, Anuj Chaudhary, Research Analyst, Currency and Commodities, Mirae Asset ShareKhan.

On the home fairness market entrance, Sensex jumped 554.84 factors to settle at 80,364.49, whereas Nifty surged 198.20 factors to 24,625.05.

Meanwhile, the greenback index, which gauges the buck’s power towards a basket of six currencies, fell 0.14% to 97.63, supporting the rupee at decrease ranges.

“The greenback might weaken additional, elevating the chances of a price lower by the U.S. Fed in September. Investors might stay cautious forward of the non-farm payrolls report from the U.S. this week. USD/INR spot value is predicted to commerce in a variety of 87.85 to 88.50,” Mr. Chaudhary added.

“We anticipate the rupee to commerce with a slight detrimental bias amid the continuing commerce tariff issues in India by the U.S. FII outflows and positive factors in crude oil costs may additionally pressurise the rupee,” Mr. Chaudhary mentioned.

Brent crude, the worldwide oil benchmark, was buying and selling 0.99% increased to $68.15 per barrel in futures commerce.

Foreign Institutional Investors offloaded equities value ₹8,312.66 crore on Friday (August 29, 2025), in keeping with alternate information.

The RBI on Friday (August 29, 2025) mentioned the nation’s foreign exchange reserves dropped $4.386 billion to $690.72 billion throughout the week ended August 22. The general reserves had jumped from $1.488 billion to $695.106 billion within the earlier reporting week.

On the home macroeconomic entrance, the Indian manufacturing sector witnessed the quickest enchancment in working situations in over 17 years in August, pushed by elevated manufacturing effectivity and wholesome demand situations, a month-to-month report mentioned on Monday (September 1, 2025).

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from 59.1 in July to 59.3 in August.