Rupee rises 5 paise to shut at 88.67 towards U.S. greenback

The rupee appreciated 5 paise to shut at 88.67 (provisional) towards the U.S. greenback on Monday (October 13, 2025), supported by suspected RBI intervention and contemporary international fund inflows.

Forex merchants mentioned the home unit confronted some resistance as renewed commerce struggle tensions between the U.S. and China led to danger aversion in international markets.

At the interbank international alternate, the rupee opened at 88.75 and traded within the vary of 88.57-88.79 earlier than settling at 88.67 (provisional), registering an increase of 5 paise than its earlier shut.

On Friday (October 10, 2025), the rupee appreciated seven paise to shut at 88.72 towards the U.S. greenback.

The U.S. threatened an extra 100% tariffs on China after Beijing introduced controls over exports of uncommon earth final week.

The USD/INR pair obtained assist from optimism surrounding the India-U.S. commerce talks and potential RBI intervention, merchants mentioned.

“The U.S. government shutdown and rising odds of a rate cut by the U.S. Federal Reserve may further strengthen the domestic currency. However, risk aversion in global markets amid renewed U.S.-Sino tariff war may cap sharp upside. Traders may take cues from India’s CPI data,” Anuj Choudhary, analysis analyst, foreign money and commodities, Mirae Asset ShareKhan, mentioned.

Forex merchants mentioned constructive sentiments stemmed from expectations after reviews surfaced {that a} staff of senior officers from India would go to the U.S. this week for commerce talks, and that negotiations on the proposed bilateral commerce settlement are progressing nicely.

Last month, Commerce and Industry Minister Piyush Goyal led an official delegation to New York for commerce talks.

After that assembly, India and the U.S. determined to proceed negotiations for an early conclusion of a mutually useful bilateral commerce settlement.

Both sides held constructive conferences on varied features of the commerce deal.

Meanwhile, the greenback index, which gauges the buck’s power towards a basket of six currencies, was buying and selling 0.13% larger at 99.10, as safe-haven demand for {dollars} continues holding the greenback nicely bid.

Brent crude, the worldwide oil benchmark, was buying and selling larger by 1.90% at $63.91 per barrel in futures buying and selling.

On the home fairness market entrance, the Sensex declined 173.77 factors to settle at 82,327.05, whereas the Nifty dropped 58 factors to shut at 25,227.35.

Meanwhile, Foreign Institutional Investors purchased equities value ₹459.20 crore on Friday, based on alternate knowledge.

India’s foreign exchange reserves fell by $276 million to $699.96 billion throughout the week ended October 3, based on RBI knowledge.

In the earlier reporting week, India’s foreign exchange reserves had dropped by $2.334 billion to $700.236 billion.