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Rupee Vs Dollar: Friday morning was very good for the Indian currency. Actually, the Indian rupee has strengthened slightly against the dollar.
24 October, 2025
Rupee Vs Dollar: On Friday morning, the Indian rupee smiled a bit and strengthened by 9 paise to reach 87.79 against the dollar. This increase in the foreign exchange market has come at a time when a decline in crude oil prices is being seen at the global level. Apart from this, there is a positive atmosphere regarding the possible trade agreement between India and America. However, the withdrawal of Foreign Investors (FII) put a slight check on the rise of the rupee. Experts say that, had this pressure not been there, the rupee could have touched higher heights.
rise of rupee
In the Interbank Foreign Exchange, the rupee opened at 87.78 and after some time stabilized at 87.79. This is an increase of 9 paise from the previous closing price. Last day i.e. on Thursday, the rupee had closed at 87.88. Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors, said that the Reserve Bank of India (RBI) also intervened at the level of 87.95 on Thursday so that the rupee does not cross 88.00. Along with this, there is a positive environment regarding India-US business deal, which has also increased the expectations in the market. However, global sentiments are not stable due to fluctuations in oil prices.
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slight decline in dollar
On the other hand, the dollar index, which measures the dollar’s strength against six major currencies, rose marginally by 0.08 percent to 99.01. At the same time, Brent crude was trading at $ 65.63 per barrel with a decline of 0.55 percent in futures trade. Besides, interesting fluctuations are also being seen in the oil market. On Thursday, due to US sanctions, exports of Russian oil companies were affected, due to which oil prices increased by about 5 percent. Despite this, no change was seen in the price on Friday. Weekly Brent crude prices are seeing an increase of about 7 percent, which is the biggest jump since June 2025.
Impact on Sensex and Nifty
There was movement in the Indian stock market also. The Sensex fell by 153.18 points to 84,403.22 in early trade. At the same time, Nifty was trading at 25,840.30 with a fall of 51.1 points. Foreign investors withdrew about Rs 1,165.94 crore from the Indian stock market on Thursday, which created some pressure on the equity market. In such a situation, it can be said that on Friday morning, there was a slight glow and a little concern in the Indian markets. Falling oil prices and business expectations gave some support to the rupee. However, selling by foreign investors prevented it from flying much higher.
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