Rupee falls 7 paise to shut at 88.78 in opposition to U.S. greenback

The rupee depreciated 7 paise to shut at 88.78 (provisional) in opposition to the U.S. greenback on Friday (October 3, 2025), close to its all-time low stage, on greenback demand from importers and chronic international fund outflows.

Forex merchants mentioned the USD/INR pair is hovering round its all-time low stage, weighed down by commerce tensions and world uncertainties.

Moreover, persistent international fund outflows and the continuing U.S. visa price hike problem additionally dragged down the home unit.

At the interbank international change, the rupee opened at 88.68 in opposition to the U.S. greenback and touched an intraday low of 88.85 and eventually settled for the day at 88.78 (provisional), decrease by 7 paise from its earlier shut.

On Wednesday, the rupee recovered 9 paise from its all-time closing low to settle at 88.71 in opposition to U.S. greenback.

On Thursday, fairness, foreign exchange, bullion and commodity markets have been closed on account of Gandhi Jayanti and Dussehra.

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 strengthen amid broad weakness in the US dollar and weakness in global crude oil prices. However, importer demand for dollar may cap sharp upside,” mentioned Anuj Choudhary, Research Analyst Currency and commodities Mirae Asset ShareKhan.

Mr. Choudhary additional famous that the U.S. greenback could weaken amid lack of financial knowledge from the US amid the federal government shutdown. USDINR spot worth is anticipated to commerce in a spread of 88.40 to 89.

Meanwhile, the greenback index, which gauges the buck’s power in opposition to a basket of six currencies, was buying and selling at 97.78, decrease by 0.06%, amid U.S. authorities shutdown.

Brent crude, the worldwide oil benchmark, was buying and selling 1.03% greater at $64.77 per barrel in futures commerce.

On the home fairness market entrance, the Sensex climbed 223.86 factors to settle at 81,207.17, whereas the Nifty settled up 57.95 factors at 24,894.25.

Foreign institutional traders offloaded equities value ₹1,605.20 crore on a web foundation on Wednesday, in line with change knowledge.

Meanwhile, the Reserve Bank of India (RBI) left its key rates of interest unchanged on Wednesday, because it waited for better readability on the impression of U.S. tariffs in addition to playout of earlier fee cuts and up to date tax reductions.

RBI Governor Sanjay Malhotra, nevertheless, signalled scope for relieving within the coming months to assist the economic system from any attainable hit from U.S. tariffs.