Rupee weakens 5 paise to settle at 88.75 in opposition to U.S. greenback

The rupee prolonged its descent for the third straight day and settled 5 paise down at 88.75 (provisional) in opposition to the U.S. greenback on Monday (November 3, 2025), close to its all-time low degree, weighed down by a powerful American forex and international fund outflows.

Forex merchants stated home equities ended on a constructive observe and supported the home unit at decrease ranges.

At the interbank international alternate, the rupee opened at 88.73 and touched an intraday low of 88.80 in opposition to the buck. The unit ended the session at 88.75 (provisional) in opposition to the greenback, logging a lack of 5 paise from its earlier closing degree.

The rupee had ended one paisa decrease at 88.70 in opposition to the greenback on Friday (October 31, 2025), a day after crashing 47 paise on Thursday, following the hawkish commentary by U.S. Federal Reserve chair Jerome Powell, even because the Fed diminished the rate of interest by 25 foundation factors.

The home forex has recorded its lowest-ever closing degree of 88.81 in opposition to the greenback on October 14.

Anuj Choudhary, Research Analyst, Currency and Commodities, Mirae Asset ShareKhan, stated the Indian rupee declined to close its all-time low amid a powerful US greenback and broad power in crude oil costs. However, constructive home equities cushioned the draw back.

“We expect the rupee to trade with a slight negative bias on strengthening in the US dollar and dollar demand from importers to hedge their open positions,” he stated, including that any intervention by the Reserve Bank of India (RBI) may additionally assist the rupee.

“USD-INR spot price is expected to trade in a range of 88.50 to 89.10,” he stated.

Meanwhile, the greenback index, which gauges the buck’s power in opposition to a basket of six currencies, rose 0.13 per cent to 99.75.

Brent crude, the worldwide oil benchmark, fell 0.02% to $64.76 per barrel in futures buying and selling.

On the home fairness markets entrance, the Sensex rose 39.78 factors or 0.05percentt to settle at 83,978.49, whereas the Nifty gained 41.25 factors or 0.16% to finish at 25,763.35.

Foreign institutional buyers offered equities value ₹6,769.34 crore on Friday (October 31, 2025), in line with alternate information.

A month-to-month survey launched on Monday confirmed India’s manufacturing sector exercise strengthened in October, buoyed by Goods and Services Tax aid, productiveness positive factors and tech funding, at the same time as worldwide gross sales rose at a weaker tempo.

The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from 57.7 in September to 59.2 in October, indicating a faster enchancment within the sector’s well being.

Meanwhile, India’s foreign exchange reserves dropped by $6.925 billion to $695.355 billion throughout the week ended October 24, the RBI stated on Friday (October 31, 2025). In the earlier reporting week, the general reserves had elevated by $4.496 billion to $702.28 billion.