At the interbank international alternate, the rupee opened at 88.69 towards the U.S. greenback, and at last settled for the day with a lack of 7 paise at 88.79 (provisional), its lowest-ever closing stage up to now. File. | Photo Credit: Reuters
Forex merchants stated rupee is hovering close to its all-time low stage as buyers remained involved over international commerce uncertainties and impression of U.S. visa payment hike on India’s IT providers exports.
Moreover, the Reserve Bank of India (RBI) coverage assembly consequence on October 1, is anticipated to affect rupee and authorities bond actions.
At the interbank international alternate, the rupee opened at 88.69 towards the U.S. greenback, and at last settled for the day with a lack of 7 paise at 88.79 (provisional), its lowest-ever closing stage up to now.
On Friday, the rupee rebounded from its all-time low to shut 4 paise increased at 88.72 towards the U.S. greenback.
The rupee fell to a recent lifetime low of 88.76 towards the American foreign money on Thursday (September 25).
“We expect the rupee to remain weak on weak domestic markets and elevated crude oil prices. Month-end dollar demand from importers may also pressurise the rupee. However, weakness in the U.S. dollar and any intervention by the RBI may support rupee at lower levels,” stated Anuj Choudhary, Research Analyst Currency and commodities Mirae Asset ShareKhan.
Mr. Choudhary additional added that merchants might take cues from core pending house gross sales information from the U.S. and President Donald Trump’s speech. Investors will even be careful for the RBI’s MPC choice this week.
The Reserve Bank’s Monetary Policy Committee started its three-day deliberations amid expectations of establishment on the important thing rate of interest, however some specialists assume that the central financial institution might accept a 25 bps reduce.
The choice of RBI Governor Sanjay Malhotra-headed six-member rate-setting panel shall be introduced on Wednesday (September 24). The assembly is going down towards the backdrop of ongoing geopolitical tensions and the U.S. imposing 50% tariffs on Indian shipments.
Meanwhile, the greenback index, which gauges the buck’s energy towards a basket of six currencies, was buying and selling at 97.96, decrease by 0.19%.
Brent crude, the worldwide oil benchmark, was buying and selling 1.37% decrease at $69.17 per barrel in futures commerce.
On the home fairness market entrance, the Sensex declined 61.52 factors to settle at 80,364.94, whereas Nifty dipped 19.80 factors to 24,634.90.
Foreign Institutional Investors offloaded equities price ₹5,687.58 crore on Friday (September 26), in accordance with alternate information.
Meanwhile, the US has introduced the imposition of a 100% tariff on branded or patented medication getting into the U.S. from October 1, aside from pharmaceutical corporations constructing manufacturing crops within the U.S.
The exemption covers tasks the place development has began, together with websites which have damaged floor or are underneath development.
India’s foreign exchange reserves dropped $396 million to $702.57 billion for the week ended September 19, in accordance with the RBI information.
In the earlier reporting week, the general reserves had jumped $4.698 billion to $702.966 billion.
Published – September 29, 2025 04:15 pm IST
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