Indian rupee rose on Friday, October 10, 2025, by 10 paise to close at 88.69 (provisional) against the U.S dollar. Forex market participants said that the appreciation was influenced mostly by resilient domestic equity markets and a drop in world prices of crude oil.
The interbank foreign exchange opened the trading session at 88.80 rupees. During the day, it moved within a small range between 88.50 and 88.80 and closed at 88.69. It was a better level as compared to the closing level of 88.79 on Thursday, October 9.
According to market analysts, the rupee had a favourable background because of increased investor sentiment in domestic markets. Also, the fact that the main commodity prices, including the price of oil, went down at night, also contributed to the reduction in pressure on the Indian currency, as the country is highly reliant on oil imports.
The dollar index, which follows the performance of the U.S. dollar versus a basket of six leading world currencies, fell by 0.21 to 99.32. Nevertheless, the slight fall has not stopped the dollar through a safe-haven buying, which has maintained a relatively steady dollar despite the economic uncertainties in the global economies.
The world standard price of oil, which is known as Brent crude, was falling at 0.61 percent to $64.85 per barrel in the futures market. The fall in oil prices gave the rupee more relief and enhanced the overall macroeconomic mood.
Indian markets came out positively on the equity front. Sensex BSE increased by 328.72 points/ 0.40 and closed at 82,500.82. In the meantime, the NSE Nifty rose by 103.55 or 0.41 percent to close at 25,285.35.
The supportive environment was also via stock purchase by Foreign Institutional Investors (FIIs) as they bought equities valued at 1,308.16 crores on Thursday, October 9, in the stock exchange.
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