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The rupee pared intraday losses to settle 3 paise higher at 88.63 (provisional) against the U.S. dollar on Monday (November 17, 2025), tracking firm domestic equity markets and lower global crude oil prices.
However, a strong greenback against major currencies overseas and foreign fund outflows weighed on the domestic unit, according to forex traders.
At the interbank foreign exchange market, the rupee opened at 88.70 and hit the intra-day high of 88.56 and the low of 88.73 against the dollar.
The unit finally settled at 88.63 (provisional) against the dollar, registering a gain of 3 paise from its previous closing level.
On Friday (November 14, 2025), the rupee settled 4 paise higher at 88.66 against the U.S. currency.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.29% higher at 99.29.
Brent crude, the global oil benchmark, was trading 0.81% lower at $63.87 per barrel in futures trade.
On the domestic equity market front, Sensex soared 388.17 points or 0.46% to settle at 84,950.95, while Nifty climbed 103.40 points or 0.40% to 26,013.45.
The latest government data released on Monday (November 17, 2025) showed India’s exports contracted 11.8% to $34.38 billion in October. Imports, on the other hand, jumped 16.63% to $76.06 billion, widening the trade deficit to $41.68 billion.
Foreign institutional investors sold equities worth ₹4,968.22 crore on Friday (November 14, 2025), according to exchange data.
Published – November 17, 2025 04:41 pm IST
