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Rupee Ends at 89.43 per Dollar as Month-End Dollar Demand and Oil Gains Weigh

The move extends a gradual 2025 depreciation that officials put at roughly 3.5%.

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Overview

  • The rupee closed at 89.43 per US dollar on Nov. 28 after opening at 89.41 and slipping to an intraday low of 89.49.
  • Closings of 89.23 on Nov. 26 and 89.36 on Nov. 27 kept trading confined to the 89.2–89.5 range this week.
  • Traders cited importer and bank month‑end dollar needs, a firmer dollar index near 99.7, and Brent around $63.5 as the main drags.
  • Exchange data showed FIIs net sold Rs 1,255 crore on Thursday, while equities were little changed as markets awaited Q3 GDP figures.
  • The Finance Ministry flagged a roughly 3.5% slide from end‑March to end‑October, and some analysts see stabilization near 90 if Fed cut odds strengthen.