On Tuesday, November 4, 2025, the Indian rupee reversed its recent all-time lows and was 11 paise up at ₹88.66 (tentative) against the U.S. dollar. The appreciation was based on the fall of the international prices of crude oil, in which the Indian currency has been relieved after a series of losses.
The rupee strengthened at the interbank foreign exchange market with the opening rate of 88.55 and intraday high of 88.28 and moving downward a notch at the close of the trading day at 88.67. It closed at last at ₹88.66, which is 11 pais above the previous day, 88.77. The rupee had been on a downward spiral in the last three days making it nearing the all-time low of ₹88.81, which it had hit on October 14, 2025.
Tuesday was seen as the partial recovery by currency traders due to the easing of crude oil prices but warned that the solid U.S. dollar, ongoing outflow of foreign funds and weak domestic stocks constrained the rupee. The dollar index that is used to determine the performance of the greenback against six major currencies increased slightly by 0.09% to 99.80 indicating that it is still strong.
The global standard of Brent crude oil fell by 1.37 percent to close at $64 per barrel in financial markets, which was a very vital support to the rupee in light of the high dependence on imported oil in India.
Indian markets were still facing pressure on the equity front. The BSE Sensex lost 519.34 points or 0.62 to take the close at 83,459.15 whereas the NSE Nifty fell 165.70 points, or 0.64 to close at 25,597.65.
The exchanges data indicated that foreign institutional investors (FIIs) still maintained their offloading of Indian equities, selling shares worth 1883.78 crore on Monday.
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