The Indian rupee remained on a low note on Friday (November 7, 2025) losing 2 pais to close at 88.65 (provisional) versus the U.S dollar. The fall was during the period when there was a stronger greenback overseas market and increasing global crude oil prices which burdened investor sentiment according to the forex traders.
The rupee began at the interbank foreign exchange market at 88.61 and reached an intraday low of 88.72 before ending with a small loss of 2 paise or a minor decrease in points of 88.61 when compared to the previous day when it was trading at 88.63. According to the traders, the rupee was under pressure because of increased demand of the U.S. dollar by the oil importers and the outflow of foreign funds.
The dollar index that gauges the strength of the U.S. currency against the currencies of six leading currencies advanced 0.14% to 99.72 and this continued to further dampen the sentiment of the rupee. The world oil standard, Brent Crude, rose 1.09 up to approximately 64.07 per barrel in the future contracts market, furthering the worries regarding the importation bill of India and the inflation prospects.
On the domestic equity side, the markets too closed in down mode. The BSE Sensex dropped by 94.73 points or 0.11% to end at 83, 216. 28, and the NSE Nifty dropped 17.40 points or 0.07% and concluded at 25, 492. 30. Analysts of the market quoted poor international signals and investor trepidation as the causes of the subdued movement.
Also, Stock exchange data revealed that foreign institutional investors (FIIs) sold equities worth 3,263.21 crore on Thursday (November 6, 2025), which further burdened the domestic currency. Analysts feel that the rupee will be short term volatile as long as the prices of crude oil are upsurged and the dollar is continuing to appreciate even with the aid of the strong forex reserves in India.
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