The Indian rupee closed at 88.78 against the US dollar today, October 3, 2025, down marginally on the week but steady just above its all-time low of 88.80, hit on Tuesday. The rupee has been weakening due to the US-India trade frictions and portfolio outflows, with foreign investors net selling over USD 2.5 billion of local…
The euro gained on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a flurry of deals to avert a global trade war. Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal, which…
Rupee plunged by 55 paise to close at 86.07 (provisional) against the US dollar on Friday, as rising geopolitical tensions in the Middle East and a spike in global crude oil prices weighed heavily on investor sentiment. The volatility followed Israel’s reported strikes on Iran’s nuclear sites. Brent crude, the international oil benchmark, surged by…
Rupee appreciated by 6 paise to 85.51 against the US dollar in early trade on Wednesday, supported by strong foreign institutional investor (FII) inflows and a dip in global crude oil prices. According to forex traders, the rupee is expected to trade within a range of 85.40 to 90 during the day, with mid-month demand…
Rupee snapped its two-day losing streak and ended 7 paise higher at 85.80 (provisional) against the US dollar on Thursday, supported by strong domestic equities and gains in Asian currencies. According to forex traders, a drop in global crude oil prices overnight lent support to the local unit, although a strong US dollar index capped…
Rupee depreciated for the second consecutive session on Wednesday, closing 29 paise lower at 85.90 (provisional) against the US dollar. The decline was driven by risk-averse investor sentiment, foreign fund outflows, and cautious trading ahead of the Reserve Bank of India’s monetary policy decision due later this week. According to forex traders, local currency remained…