Overview
- The currency slipped 8 paise to settle at 88.73 against the U.S. dollar after a narrow 88.64–88.73 range.
- Brent futures climbed to $64.27 a barrel, adding pressure for an oil‑importing economy, while the dollar index eased to 99.55.
- Market participants continued to see firm resistance for USD/INR near 88.80–89.00 with support around 88.40.
- RBI data showed foreign exchange reserves fell $5.623 billion to $689.733 billion in the week ended October 31.
- Stocks advanced as the Sensex closed at 83,535 and the Nifty at 25,574, even as FIIs were net sellers worth Rs 4,114.85 crore.