Rupee Slips 6 Paise to 88.72 Against US Dollar in Early Trade

Mumbai, Nov 17, 2025:  The Indian rupee opened weaker on Monday, trading at 88.72 against the US dollar, down 6 paise. Market sentiment was weighed down by a stronger greenback and continued foreign fund outflows. The rupee had started the session at 88.70 before slipping to 88.72 in early trade. On Friday, it had closed at 88.66, recording a 4-paise gain.

Rupee Opens Lower Despite Supportive Domestic Cues

The currency started the session at 88.70 and soon slipped to 88.72 in early trade. This represents a small decline from Friday’s close of 88.66, when the rupee had gained 4 paise. A firm US dollar index and ongoing capital outflows continued to weigh on the domestic currency. On Friday, foreign institutional investors (FIIs) sold equities worth ₹4,968.22 crore. However, gains in domestic equities and softer global crude oil prices helped limit the rupee’s decline. Brent crude futures were down 0.85%, trading at USD 63.84 per barrel, providing some support to the currency.

Dollar Strengthens While Markets Trade Higher

The US dollar index was trading at 99.35. This was a 0.15% gain. This reflects the broad-based strength against major currencies. In the early deals today, the BSE Sensex rose 234 points or 0.28%, trading at 84,797.20. NSE Nifty advanced 56.10 points or 0.22% up, trading at 25,966.15. This is primarily fueled by the progress on the proposed India-US trade deal and the Domestic PMI data that is expected later this week.

Inflation and Forex Data Add to Market Signals

The latest government data shows that the wholesale price inflation faced a drop to a 27-month low of 1.21% dip in the month of October. This decline was primarily fuelled by the falling food prices and cooling fuel and manufacturing costs. In September, the WPI inflation stood at 0.13%, and in October last year, the same was recorded at 2.75%.

India’s foreign exchange reserves continued to fall. It slid to USD 2.699 billion, to USD 687.034 billion for the week ended November 7. The previous week, India’s foreign exchange reserves were recorded at USD 5.623 billion drop. This was another pressure on the rupee.

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