The rupee recovered 15 paise from its all-time low degree to 88.00 towards the U.S. dollar in early trade on Wednesday (September 3, 2025) as persistent overseas fund outflows and dollar power weighed on investor sentiments.
Forex merchants stated the rupee is buying and selling close to an all-time low, pushed by risk-averse sentiments amid India-U.S. trade deal uncertainty.
Moreover, a muted pattern in home equities additional dented traders’ sentiments.
At the interbank overseas alternate market, the rupee opened at 88.15 towards the U.S. dollar, then touched 88.00, registering a acquire of 15 paise from its earlier shut.
On Tuesday (September 2, 2025), the rupee declined 5 paise to an all-time low of 88.15 towards the U.S. dollar.
The rupee opened barely on the constructive facet, however dollar shopping for might push it again decrease, stated Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
“With the Competitive Commission having cleared the $1.6 billion of shares bought by SMBC bank, we can soon expect the inflows to hit the market to keep rupee steady but within the range of 87.80 to 88.30 with a watch on the RBI as to whether it keeps a tab on 88.30,” Mr. Bhansali stated.
Meanwhile, the dollar index, which gauges the dollar’s power towards a basket of six currencies, was buying and selling at 98.48, larger by 0.09%. Brent crude, the worldwide oil benchmark, was buying and selling 0.27% decrease at $68.95 per barrel in futures trade.
On the home fairness market entrance, Sensex declined 153.28 factors to 80,004.60 in early trade, whereas the Nifty dipped 46.4 factors to 24,533.20.
Foreign Institutional Investors offloaded equities value ₹1,159.48 crore on Tuesday (September 2, 2025), in accordance to alternate information.
