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On Wednesday (November 19, 2025), the rupee strengthened by 2 paise to shut at 88.58 (provisional) in opposition to the US greenback, supported by shopping for momentum within the home inventory market and falling oil costs abroad.
Foreign exchange merchants mentioned a robust US forex and international capital outflows prevented the rupee from gaining considerably, whilst traders have been involved concerning the progress of the proposed commerce deal between India and the US.
Within the interbank international alternate market, the rupee opened at $88.57 and hit an intraday excessive of $88.41 in opposition to the greenback. The home sector settled on the day at 88.58 (provisional) in opposition to the greenback, up simply 2 paise from the earlier closing stage.
On Tuesday (November 18), the rupee fell by one paisa to settle at 88.60 in opposition to the US greenback.
“We count on the rupee to commerce with a slight optimistic bias as a result of elevated threat urge for food in world markets and optimism on commerce offers. Nevertheless, a stronger greenback and waning expectations for rate of interest cuts may cap upside. {Dollars} from importers “Rupee might come beneath strain at excessive ranges as a result of demand and FII outflows. USD-INR spot worth is predicted to commerce within the vary of ₹88.25 ₹88.25 ₹88.70,” mentioned Anuj Chaudhary of Analysis. Analyst at Mille Asset Sharekhan.
In the meantime, the greenback index, which measures the greenback’s energy in opposition to a basket of six currencies, was buying and selling 0.18% greater at 99.63.
Brent crude, the world oil benchmark, fell 0.46% to $64.58 per barrel in futures buying and selling.
Within the home inventory market, the Sensex surged 513.45 factors (0.61%) to settle at 85,186.47, whereas the Nifty rose 142.60 factors (0.55%) to 26,052.65.
International institutional traders bought shares price Rs 728.82 crore on Tuesday (November 18), in accordance with alternate knowledge.
Commerce and Trade Minister Piyush Goyal mentioned on Tuesday (November 18) that “we are going to hear excellent news” concerning the proposed commerce deal between India and the US whether it is honest, equitable and balanced.
The remarks got here days after US President Donald Trump mentioned the US was “very shut” to reaching a “honest commerce settlement” with India, including that he meant to cut back tariffs on Indian items “sooner or later”.
