Overview
- The currency slipped 8 paise on November 13, settling at 88.70 per US dollar after trading between 88.63 and 88.73.
- Traders cited a firm dollar index, foreign fund outflows, and steady importer demand, including oil companies, as primary pressures.
- A decline in crude prices and optimism over US–India trade discussions helped limit losses during the day.
- Market commentary from HDFC Securities indicated the rupee regained ground later, likely on RBI sales in the onshore market.
- In Pakistan’s open market the US dollar was quoted at Rs281.55 for buying and Rs281.9 for selling, reflecting relative stability.