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Rupee Rises Against US dollar: The softening of crude oil in the market on Wednesday has given some support to the rupee. However, due to global market jitters and profit booking by foreign investors, the path of rupee still remains difficult.
19 November, 2025
Rupee Rises Against US dollar: In Wednesday morning trading, the rupee strengthened by 9 paise to reach 88.51. Fall in crude oil prices supported the rupee, although volatility in global stock markets weighed on investor mood. According to Forex traders, on one hand the rupee was being supported by cheaper Brent crude, while on the other hand the strong US dollar and selling by foreign investors were putting pressure on it. Profit booking by FIIs from the domestic market tried to prevent the rupee from gaining momentum.
Look at PMI data
Meanwhile, investors had another concern. In fact, the progress being made in the proposed India-America trade deal also forced one to think. Along with this, everyone’s eyes are also on the domestic PMI data coming at the end of the week. Well, on Wednesday the rupee opened at 88.57 in the Interbank Foreign Exchange Market and gained momentum and reached 88.51 in early deals. This level was 9 paise stronger than the previous closing. On Tuesday, the rupee slipped 1 paise and closed at 88.60.
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rise in dollar
The strength of the US dollar can be gauged from the fact that the dollar index was up 0.04 percent and was trading at 99.49. On the other hand, Brent crude prices fell 0.34 percent to $ 64.67 per barrel, which is a relief news for an oil importing country like India. At the same time, the beginning of Wednesday was a bit dull in the Indian stock market. Sensex fell 46.27 points or 0.05 percent to 84,626.75, while Nifty slipped 8.35 points or 0.03 percent to 25,901.70. On Tuesday, Foreign Institutional Investors sold shares worth Rs 728.82 crore, due to which the market mood remained further weak.
hoping for good news
Meanwhile, Industry Minister Piyush Goyal said on Tuesday that good news on India and America trade deal will be heard soon. Provided that the agreement is balanced and fair for both the countries. This statement has come at the same time when US President Donald Trump has said that a fair trade deal with India is almost ready. Apart from this, they can consider reducing the tax imposed on Indian goods in future.
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