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The rupee recovered 15 paise from all-time low to 88.60 against the U.S. dollar in early trade on Thursday (September 25, 2025), tracking the weakness of the American currency in the overseas market.
Forex traders said the rupee is facing renewed strain this week, as multiple factors have combined to put pressure on the currency.
Factors like H-1B visa fee hike, Trump tariffs and persistent foreign fund outflows further dented investors’ sentiments.
At the interbank foreign exchange market, the rupee opened at 88.65 against the U.S. dollar, then touched 88.60, registering a gain of 15 paise from its previous close.
On Wednesday (September 24, 2025), the rupee ended 2 paise down at its lowest-ever closing level of 88.75 against the U.S. dollar.
Forex traders said investors remained concerned over global trade uncertainties and impact of US visa fee hike on India’s IT services exports.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13% lower at 97.75.
Brent crude, the global oil benchmark, was trading 0.36% lower at $69.06 per barrel in futures trade.
On the domestic equity market front, Sensex declined 141.32 points to 81,574.31 in opening trade, while the Nifty fell 22.4 points to 25,034.50.
Foreign Institutional Investors offloaded equities worth ₹2,425.75 crore on Wednesday (September 24, 2025), according to exchange data.
“USD/INR is testing key levels, with resistance at 89.00–89.20 and support at 88.40. The up move appears driven more by tariffs and visa fee hikes than by broad dollar strength. A close below 88.20 would mark the first signal of a potential trend reversal, while progress on trade talks or a softer dollar index could support a rupee rebound,” CR Forex Advisors MD – Amit Pabari said.
Published – September 25, 2025 10:08 am IST
