Rupee rises 21 paise to 87.75 towards U.S. greenback in early commerce

The rupee appreciated 21 paise to 87.75 towards the U.S. greenback in early commerce on Friday (October 17, 2025), supported by a softer American foreign money towards main currencies and sure intervention by the Reserve Bank of India.

Forex merchants mentioned renewed overseas fund inflows and decrease crude oil costs boosted investor sentiment additional.

At the interbank overseas trade market, the rupee opened at 87.91 after which gained floor and touched an early excessive of 87.75 towards the US greenback, registering a achieve of 21 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, registering features for the second straight session.

“After weeks of drifting in uncertain waters, the currency now seems to have found a favourable current — buoyed by a softer US dollar, returning investor confidence, and the Reserve Bank’s steady hand at the helm,” CR Forex Advisors MD — Amit Pabari mentioned.

Pabari additional famous {that a} break under 87.50 might open the way in which in direction of 86.80–87.00, hinting at extra appreciation forward. On the opposite aspect, 88.30–88.40 acts as a sturdy resistance zone.

Meanwhile, the greenback index, which gauges the buck’s power towards a basket of six currencies, was buying and selling decrease by 0.16 per cent to 98.17.

“After weeks of outflows, the return of foreign money is more than just a number — it signals renewed faith in India’s growth story and stability. When capital begins flowing back, currencies often follow the same direction,” Pabari added.

Meanwhile, Commerce and Industry Minister Piyush Goyal has mentioned that India has carried out plenty of free commerce agreements with developed nations and is in energetic dialogue for such pacts with nations together with the US, Oman, and the EU.

“We have done free trade agreements (FTAs) with many developed countries in the last three years…We are in active dialogue with the US, EU, Chile, Peru, New Zealand, and Oman,” the minister informed reporters right here.

“It clearly shows that India is the favoured and preferred destination both for investment and for bilateral trade,” he added.