Rupee falls 7 paise to shut at 88.03 towards U.S. greenback

The rupee pared preliminary good points and settled for the day decrease by 7 paise at 88.03 (provisional) towards the US greenback on Friday (October 17, 2025), weighed down by commerce tensions and international uncertainties.

Forex merchants mentioned renewed international fund inflows and decrease crude oil costs boosted investor sentiment additional and restricted the downfall.

At the interbank international trade, the rupee opened beneath the 88-mark at 87.91 towards the dollar, and touched an intraday excessive of 87.75. The home unit lastly settled at 88.03 (provisional), registering a fall of seven paise from its earlier shut.

On Thursday (October 16, 2025), the rupee appreciated 12 paise to shut at 87.96 towards the U.S. greenback, logging good points for the second straight session.

Meanwhile, the greenback index, which gauges the dollar’s energy towards a basket of six currencies, was buying and selling 0.11 per cent decrease at 98.22.

Brent crude, the worldwide oil benchmark, was buying and selling 1.10 per cent decrease at $60.39 per barrel in futures commerce.

India on Thursday (October 16, 2025) mentioned it’s “broad-basing and diversifying” its sourcing of power to fulfill market situations, hours after US President Donald Trump claimed that Prime Minister Narendra Modi assured him that New Delhi will cease procuring Russian crude oil.

India’s persevering with buy of petroleum merchandise from Russia however Western sanctions has turn into a significant problem that resulted in extreme downturn in ties between New Delhi and Washington.

External Affairs Ministry spokesperson Randhir Jaiswal, responding to questions on Trump’s remarks that Modi made the peace of mind to him on Wednesday, mentioned he was not conscious of any such cellphone dialog, including India’s oil purchases are guided to safeguard the pursuits of the Indian shoppers in a “volatile” power situation.

“Ensuring stable energy prices and secured supplies have been the twin goals of our energy policy. This includes broad-basing our energy sourcing and diversifying as appropriate to meet market conditions,” Mr. Jaiswal added.