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Rupee against Dollar: After record fall, slight rise in rupee is a relief news for investors. However, the market’s eyes will remain focused on the trade deal, global equity sentiment and RBI’s strategy.
24 November, 2025
Rupee against Dollar: The rupee made a bright comeback on Monday morning and opened 49 paise stronger at 89.17. This surge brought some relief to the market after last week’s continuous weakness and record-low closing. Well, it was clear from the beginning that today’s trading session is going to be better for the rupee. According to Forex traders, the rupee has strengthened due to dollar selling by banks, softening of crude oil prices and RBI intervention. Domestic stock markets also opened in the green, which further improved sentiment.
it was a big shock
On Friday, the rupee recorded one of the biggest falls in history. Rupee fell by 98 paise and closed at all time low level of 89.66. This decline was considered to be the sharpest in the last three years. Earlier in February 2022, a big slippage of 99 paise was recorded in the rupee. At the same time, selling in the global market, pressure in local equities and trade related uncertainties had created huge demand for dollars, which put a lot of pressure on the rupee.
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Will the rupee cross 90?
At present, the most discussed question in the market is whether the rupee will cross 90? In fact, according to Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors, most traders believe that RBI will keep the rupee above the level of 90 for the next few weeks. However, he also said that if there is no positive update on the India-US trade deal, the rupee may cross 90.
condition of crude oil
In the international market, the dollar index was at 100.18 with a slight rise. Brent crude was also trading at $ 62.50 per barrel, falling by about 0.10 percent. This fall in oil prices gave the rupee an opportunity to strengthen. On Monday, Sensex opened with a gain of 218 points at 85,450 and Nifty opened with a gain of 69.4 points at 26,137. However, on Friday, foreign investors made a huge withdrawal of Rs 1,766 crore from the market, due to which the demand for dollars increased further. Meanwhile, according to RBI data, India’s forex reserves have increased by $ 5.54 billion to $ 692.57 billion. The increase in gold reserves played an important role in this. This rise in rupee after record fall is a relief news for investors. However, the market’s eyes will remain focused on the trade deal, global equity sentiment and RBI’s strategy. At present it is clear that the war of rupee against dollar is still going on.
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