The rupee slightly recovered from initial losses, trading at 88.63 against the US dollar in early trade on Friday, gaining 5 paise from its previous closing level. This recovery was attributed to lower crude oil prices globally and foreign capital inflows into domestic stocks, according to forex traders.
The local currency opened at 88.67 but faced pressure due to a strong dollar and negative cues from domestic equity markets. On Thursday, the rupee had depreciated by 20 paise, closing at 88.68 against the dollar.
The dollar index, which measures the greenback’s strength against a basket of six currencies, was slightly up by 0.01 percent at 100.09. Meanwhile, Brent crude, the global oil benchmark, saw a decrease of 1.29 percent, priced at $62.56 per barrel in futures trading.
On the domestic equity front, the Sensex fell by 172.32 points to 85,460.36, while the Nifty declined by 59.35 points to 26,132.80. Foreign institutional investors were net buyers of equities worth ₹283.65 crore on Thursday, according to exchange data.
Additionally, government data released on Thursday indicated that the growth rate in eight key infrastructure sectors remained flat year-on-year in October. Increases in output from petroleum refinery products, fertilizers, and steel were countered by declines in coal and electricity production. In comparison, these sectors expanded by 3.3 percent in September and 3.8 percent in October 2024.
Published on November 21, 2025.
