The rupee of India hiked by 2 paise to 88.58 (provisional) versus the U.S. dollar on Wednesday, November 19, 2025. The marginal gain was on top of the robust domestic equity markets purchases and a drop in international prices of crude oil. Nevertheless, the profits were kept low thanks to a strong U.S. dollar and continued withdrawal of foreign money, currency traders observed. The market participants also noted that the investor sentiment was kept in check by the prevailing uncertainty about the development of the proposed India-U.S. trade agreement.
At interbank foreign exchange market the rupee opened at 88.57 and increased to an intra-day high of 88.41 and lost some of the gains. It eventually settled at 88.58 that was only slightly improved to the previous close. In the meantime, the U.S. dollar index, which is the performance of the greenback in relation to six major world currencies increased by 0.18 per cent to 99.63, straining emerging market currencies such as the rupee.
The international commodity markets were also important in influencing the movement of the rupee. International oil benchmark, brent crude fell by 0.46 percent to $64.58 per barrel in the future contract, which brought some relief to India, the third-largest importer of oil in the world. A decrease in crude prices usually assists in alleviating the trade deficit in the country and the local currency.
Indian markets registered strong performances on the equities front. The Sensex shot up by 513.45, or 0.61, to end at 85,186.47 and the Nifty rose by 142.60 or 0.55 to end at 26,052.65. Good performance in major areas assisted in raising the confidence of investors at large.
Although the equity market was positive, the foreign institutional investors (FIIs) persisted in selling stakes, with equities valued at 728.82 crore being sold by them on Tuesday, November 18, as per exchange data.
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