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The rupee depreciated 25 paise to an all-time low of 88.53 in opposition to the US greenback in early commerce on Tuesday (23 September 2025).
Overseas change merchants mentioned world threat aversion and uncertainty in commerce coverage additionally exacerbated the depreciation of the rupee.
In interbank international change, the rupee opened at 88.41, misplaced additional floor, touching the bottom 88.53 on 88.53 in opposition to the US greenback, recording a 25-pays discount over the earlier finish.
On Monday (22 September 2025), the rupee was depreciated by 12 paise and closed at 88.28 in opposition to the US greenback.
Foreign exchange merchants mentioned the rupee is declining in direction of a report low degree as market contributors analyze the doable influence of the brand new US $100,000 H-1B visa assortment.
Moreover, threat aversion within the home market may additionally put strain on the rupee, they mentioned.
“RBI is the one greenback supplier with some small inflow because it launched a 7,500 crore IPO this week, however it’s absorbed into giant purchases.
“Nevertheless, the RBI is restricted in direct foreign money intervention, permitting for volatility and additional reductions within the rupee, which has generated new lowest costs for many currencies,” mentioned Anil Kumar Bhansali, Director of the Treasury and Government Director of Finrex Treasury Advisors LLP.
In the meantime, the greenback index, which measures buck energy in opposition to a basket of six currencies, was buying and selling 0.03% decrease at 97.30.
World oil benchmark Brent crude was buying and selling 0.62% decrease at US$66.16 per barrel in futures buying and selling.
The Reserve Financial institution of India (RBI) is prone to intervene by means of state banks after the rupee hit a report low following the US visa charge hike, merchants mentioned.
Within the interbank order matching system, the foreign money slipped briefly previous 88.50, prompting central banks to intervene, merchants mentioned.
