Overview

• The rupee settled at 88.79 per dollar after trading between 88.68 and 88.85 in Mumbai.
• Importer dollar buying and sustained portfolio outflows kept the currency under pressure, with FIIs net selling Rs 1,583.37 crore.
• The RBI left policy rates unchanged this week, and Governor Sanjay Malhotra indicated scope for easing in the months ahead.
• The dollar index slipped to 97.78 during a U.S. government shutdown, while Brent crude futures traded near $64.77 a barrel.
• In Pakistan’s open market on October 3, forex.pk quoted the U.S. dollar at PKR 282.15 for buying and 282.45 for selling.