The Rupee recovered from all-time lows and settled for the day increased by seven paise at 88.28 (provisional) against the U.S. dollar on Friday (September 12, 2025), on weak spot within the U.S. dollar index and constructive home markets.
Forex merchants mentioned the home unit traded in a decent vary and hovered round its all-time low level as tariff-led strain on India’s exports and sustained international fund outflows dented buyers sentiments.
India killed U.S. with tariffs, now affords ‘no tariffs’: Trump
At the interbank international trade, the home unit opened at 88.39 and fell to an intraday low of 88.42 against the U.S. dollar in the course of the session. The home unit settled for the day at 88.28 (provisional), recovering seven paise over its earlier close.
On Thursday (September 11, 2025), the Rupee slumped 24 paise and closed for the day at an all-time low of 88.35 against the U.S. dollar. It had additionally touched the lowest-ever intraday level of 88.49 against the dollar.
“We expect the Rupee to trade with a slight positive bias on overall weakness in the U.S. dollar and rise in risk appetite in global markets on rising odds of a rate cut by Fed in its upcoming FOMC meeting next week,” mentioned Anuj Choudhary, Research Analyst, Currency and commodities, Mirae Asset ShareKhan.
“Markets now expect a 75 bps rate cut in 2025. However, FII outflows and uncertainty over trade tariff issues between India and the U.S. may cap sharp upside,” Mr. Choudhary mentioned, including that merchants might take cues from University of Michigan shopper sentiment information from the U.S. “The USD-INR spot price is expected to trade in a range of 88 to 88.50,” he mentioned.
Meanwhile, the dollar index, which gauges the dollar’s energy against a basket of six currencies, rose 0.22% to 97.74. Brent crude, the worldwide oil benchmark, was buying and selling 0.65% increased at $66.80 per barrel in futures commerce.
On the home fairness market entrance, Sensex jumped 355.97 factors to settle at 81,904.70, whereas the Nifty climbed 108.50 factors to 25,114. Foreign Institutional Investors offloaded equities price ₹3,472.37 crore on Thursday (September 11, 2025), in accordance to trade information.
Meanwhile, Commerce and Industry Minister Piysuh Goyal on Thursday (September 11, 2025) mentioned that negotiations between India and the U.S. on the proposed commerce settlement, which started in March, are progressing in a constructive environment and each the nations are happy with the progress.
These remarks observe the announcement by U.S. President Donald Trump that there will probably be “no difficulty” for the 2 nations to come to a profitable conclusion in commerce talks and he seems to be ahead to talking along with his “very good friend” Prime Minister Narendra Modi within the coming weeks.
