Overview
- The rupee opened at 88.21, moved between 88.15 and 88.35, and settled at 88.22 versus 88.29 in the previous session.
- Traders cited stronger domestic markets, easing crude prices and talk of an India–US trade deal, including President Donald Trump’s remark, as supports.
- Month-end dollar buying by importers limited gains, and investors stayed guarded before the Fed policy outcome.
- Mirae Asset ShareKhan’s Anuj Choudhary expects a slight positive bias with a USDINR spot range of 87.85 to 88.60.
- Stocks advanced as the Sensex rose 368.97 points and the Nifty added 117.70, even as FIIs sold Rs 2,540.16 crore and official data showed 4% industrial output growth in September.