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Forex merchants mentioned the rupee is hovering close to its all-time closing low stage because the RBI is monitoring the depreciation of the USD-INR pair in direction of 88.80.
At the interbank international change market, the rupee opened at 88.75, the fell to 88.77 in opposition to the buck, registering a fall of 5 paise from its earlier shut.
On Friday, the rupee had settled at 88.72 in opposition to the US greenback.
Meanwhile, the greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, fell 0.04% to 98.93.
Brent crude, the worldwide oil benchmark, rose 1.50% to $63.67 per barrel in futures buying and selling.
“The market sentiment for the pair is influenced by the U.S. dollar’s strength amid a modest risk-off tone globally and domestic factors, including RBI’s stable policy stance and controlled inflation outlook,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.
The greenback index was barely down following a softer US-China commerce battle, Bhansali mentioned, including that the worldwide market volatility and geopolitical developments stay the important thing drivers within the close to time period.
On the home fairness market entrance, Sensex dropped 451.82 factors to 82,049 in early commerce, whereas the Nifty declined 109.55 factors to 25,175.80.
Meanwhile, Foreign Institutional Investors purchased equities value Rs 459.20 crore on Friday, in response to change knowledge.
India’s foreign exchange reserves fell by $276 million to $699.96 billion throughout the week ended October 3, in response to RBI knowledge.
In the earlier reporting week, India’s foreign exchange reserves had dropped by $2.334 billion to $700.236 billion.
Published – October 13, 2025 10:08 am IST
