The Indian rupee closed at 88.71 (provisional) to the U.S. dollar, also in a low volume trading by Monday, November 10, 2025. The fall was also majorly attributed to the high global crude oil prices, which burdened investor sentiment. Nevertheless, the domestic equities profitability and the weaker U.S. dollar aided in curbing the continued losses of the local currency, forex traders believed.
The rupee opened at 88.64 against the dollar at the interbank foreign exchange market, and moved between an intraday high of 88.64 and a low of 88.71 before closing at 88.71 -6 paise against its closing position. On Friday the 7th of November, the rupee had lost 2 pais to close at 88.65 to the U.S. dollar.
The dollar index index, the performance of the greenback against a mix of six major currencies, on the other hand, dropped by 0.04 to 99.55. The global standard of oil known as Brent crude increased 1.01 percent to $64.27 per barrel during future contracts trading and this puts pressure on rupee because India relies largely on imported oil.
Equity markets continued to increase on the domestic front. The BSE Sensex rose by 319.07 points to close at 83, 535.35, and the NSE Nifty rose by 82. 05 to close at 25, 574.35. Foreign institutional investors (FIIs) maintained their buying spurt as they bought equities worth 458134 crore on November 7 based on exchange data.
But the foreign exchange reserves of India saw a steep decline of $5.623 billion to reach $689.733 billion at the end of the week on 31 October, as indicated by the Reserve Bank of India (RBI). Reserves had sunk in the preceding week to the level of 695.355 billion from 669.725 billion.
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