At the interbank foreign exchange market, the rupee opened at 88.70 against the US dollar. During the day, the domestic unit witnessed an intra-day low of 88.75 against the dollar. | Photo credit: istock.com
Forex traders said a recovery in domestic equities after a sweeping mandate for the ruling alliance in the Bihar polls supported the rupee at lower levels.
At the interbank foreign exchange market, the rupee opened at 88.70 against the US dollar. During the day, the domestic unit witnessed an intra-day low of 88.75 against the dollar.
The rupee finally settled at 88.73 (provisional), three paise lower than the previous close.
On Thursday, the rupee was trading eight paise lower at 88.70 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, traded 0.12 percent higher at 99.27.
Brent crude, the global oil benchmark, was 1.59 percent higher at $63.98 per barrel in futures trading.
In the domestic equity market, Sensex rose 84.11 points to 84,562.78, while Nifty rose 30.90 points to 25,910.05.
Foreign institutional investors sold shares worth Rs 383.68 crore on Thursday, according to stock market data.
On the domestic macroeconomic front, wholesale price inflation fell to a 27-month low of (-) 1.21 percent in October, led by sharp deflation in food items such as pulses and vegetables, and lower prices of fuel and industrial products.
Wholesale Price Index (WPI)-based inflation stood at 0.13 percent in September and 2.75 percent in October last year, government data showed on Friday.
Meanwhile, Moody’s Ratings on Thursday forecast that the Indian economy will grow 7 percent in 2025 and 6.5 percent the following year, supported by domestic and export diversification, amid neutral to accommodative monetary policy.
Moody’s said in its Global Macro Outlook that India’s economic growth is supported by robust infrastructure spending and solid consumption, although the private sector remains cautious on corporate capital expenditure.
Published on November 14, 2025
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