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The rupee pared archetypal gains and settled for the time little by 7 paise astatine 88.03 (provisional) against the US dollar connected Friday (October 17, 2025), weighed down by commercialized tensions and planetary uncertainties.
Forex traders said renewed overseas money inflows and little crude lipid prices boosted capitalist sentiment further and restricted the downfall.
At the interbank overseas exchange, the rupee opened beneath the 88-mark astatine 87.91 against the greenback, and touched an intraday precocious of 87.75. The home portion yet settled astatine 88.03 (provisional), registering a autumn of 7 paise from its erstwhile close.
On Thursday (October 16, 2025), the rupee appreciated 12 paise to adjacent astatine 87.96 against the U.S. dollar, logging gains for the 2nd consecutive session.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.11 per cent little astatine 98.22.
Brent crude, the planetary lipid benchmark, was trading 1.10 per cent little astatine $60.39 per tube successful futures trade.
India connected Thursday (October 16, 2025) said it is "broad-basing and diversifying" its sourcing of vigor to conscionable marketplace conditions, hours aft US President Donald Trump claimed that Prime Minister Narendra Modi assured him that New Delhi volition halt procuring Russian crude oil.
India's continuing acquisition of petroleum products from Russia notwithstanding Western sanctions has go a large contented that resulted successful terrible downturn successful ties betwixt New Delhi and Washington.
External Affairs Ministry spokesperson Randhir Jaiswal, responding to questions connected Trump's remarks that Modi made the assurance to him connected Wednesday, said helium was not alert of immoderate specified telephone conversation, adding India's lipid purchases are guided to safeguard the interests of the Indian consumers successful a "volatile" vigor scenario.
"Ensuring unchangeable vigor prices and secured supplies person been the duplicate goals of our vigor policy. This includes broad-basing our vigor sourcing and diversifying arsenic due to conscionable marketplace conditions," Mr. Jaiswal added.
