Rupee trades flat in range-bound commerce, hovers close to all-time lows in opposition to U.S. greenback

The rupee traded nearly flat at 88.78 within the early session on Friday (October 10, 2025), hovering close to all-time lows in opposition to the U.S. greenback attributable to a stronger buck within the abroad markets.

Forex merchants mentioned the rupee is anticipated to commerce in a slim vary with an opportunity of breaking the all-time closing low degree of 88.80 within the absence of RBI intervention.

At the interbank overseas trade market, the rupee opened decrease at 88.80 however quickly recovered to the touch 88.78 in opposition to the U.S. greenback, registering a acquire of 1 paise from its earlier shut. On Thursday, the rupee closed at 88.79 in opposition to the buck.

Traders mentioned a powerful U.S. greenback and importer demand weighed on the rupee. However, energy within the home markets and in a single day decline in crude oil costs cushioned the draw back.

“The RBI is expected to keep a close tab on the rupee with its watchful eyes in ensuring that for the present it does not cross 88.80,” mentioned Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Meanwhile, the safe-haven demand for {dollars} continues conserving the greenback nicely bid, he famous.

The greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, was buying and selling 0.22% decrease at 99.32.

Brent crude, the worldwide oil benchmark, was buying and selling decrease by 0.18% at $65.10 per barrel in futures buying and selling.

On the home fairness market entrance, the benchmark delicate index Sensex superior 188.07 factors to 82,360.17 in early commerce, whereas the Nifty climbed 50.65 factors to 25,232.45.

Meanwhile, Foreign Institutional Investors purchased equities price ₹1,308.16 crore on Thursday, in line with trade knowledge.