Representative picture. | Photo Credit: Getty Images/iStockpicture
Positive sentiments within the home fairness markets lent additional assist to the native unit, in keeping with foreign exchange merchants.
At the interbank overseas alternate, the rupee opened at 87.94 in opposition to the U.S. greenback and traded within the vary of 87.74-87.94 in the course of the day earlier than settling at 87.93 (provisional), increased by 9 paise in opposition to its earlier shut.
On Friday, the rupee closed at 88.02 in opposition to the U.S. greenback.
“The Reserve Bank of India ensured that the rupee opened below 88… There was no specific development on the India-U.S. trade front, while on the U.S.-China front, the talks by government officials gave hope that U.S.-China trade developments could be solved amicably,” Anil Kumar Bhansali, Executive Director, Finrex, mentioned.
Stock exchanges will maintain a particular Muhurat buying and selling session on Tuesday from 1.45 p.m. to 2.45 p.m. for Laxmi Pujan, in keeping with notices by the BSE and the NSE.
The foreign exchange markets, nevertheless, will probably be closed on Tuesday and Wednesday.
“After two days’ holidays from Tuesday, the rupee is expected to be in the range of 87.70-88.30 on Thursday,” Bhansali added.
Meanwhile, the greenback index, which gauges the dollar’s power in opposition to a basket of six currencies, edged up 0.1% to 98.53.
Brent crude, the worldwide oil benchmark, fell 0.36% to $61.07 per barrel in futures commerce.
On the home fairness market entrance, Sensex soared 411.18 factors to settle at 84,363.37, whereas Nifty climbed 133.30 factors to 25,843.15.
Foreign Institutional Investors (FIIs) bought equities price ₹308.98 crore on Friday, in keeping with alternate information.
India’s foreign exchange reserves dropped by $2.176 billion to $697.784 billion in the course of the week ended October 10, the RBI information launched on Friday confirmed.
Published – October 20, 2025 04:50 pm IST
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