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Rising for the 2nd consecutive session, the rupee surged 21 paise to adjacent astatine 87.87 (provisional) against the U.S. dollar connected Thursday (October 16, 2025), buoyed by a softer American currency against large currencies and renewed risk-on sentiment among investors.
Forex traders said that apt involution by the Reserve Bank of India and a steadfast inclination successful home equities further enthused investors.
At the interbank overseas exchange, the rupee opened beneath the 88-mark astatine 87.76 against the greenback, and touched an intraday precocious of 87.68 per dollar. The home portion yet settled astatine 87.87 (provisional) against the greenback, registering a emergence of 21 paise implicit its erstwhile close.
On Wednesday, the rupee bounced backmost sharply by 73 paise to adjacent astatine 88.08 against the U.S. dollar, posting its biggest intraday summation successful astir 4 months.
"The rupee notched a 2nd consecutive time of gains, buoyed by a softer dollar against large currencies and a broader displacement towards risk-on sentiment. Foreign money inflows and strategical cardinal slope involution provided a important tailwind to the currency's caller advance," said Dilip Parmar, Research Analyst, HDFC Securities.
Parmar further said that up of the forthcoming holiday, the rupee is poised to tread h2o wrong a constrained range. However, its consequent absorption hinges wholly upon the dynamics of dollar flows and immoderate tectonic shifts successful the planetary geopolitical landscape.
In the near-term, spot USD/INR exhibits enactment astatine 87.60 and absorption astatine 88.70.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.21% little astatine 98.58.
Brent crude, the planetary lipid benchmark, was trading 0.36% higher astatine $62.12 per tube successful futures trade.
On the home equity marketplace front, Sensex jumped 862.23 points to settee astatine 83,467.66, portion the Nifty surged 261.75 points to 25,585.30.
Foreign Institutional Investors (FIIs) purchased equities worthy ₹68.64 crore connected Wednesday, according to speech data.
Meanwhile, India's exports grew 6.74% to $36.38 cardinal successful September, portion imports jumped 16.6%, widening the commercialized shortage to $31.15 billion, the highest successful implicit a year.
