Overview
- The rupee opened at 88.63 and touched 88.66 in early trade, weakening by 18 paise from Wednesday’s 88.48 close.
- The dollar index hovered near 100.25 after minutes showed most Fed officials opposed a December rate cut following October’s cut.
- Domestic equities advanced, with the Sensex up 284.49 points and the Nifty higher by 83.35 points, as FIIs were net buyers of Rs 1,580.72 crore.
- CR Forex’s Amit Pabari flagged resistance at 88.80–89.00 and initial support near 88.40, with a sustained break lower opening 88.00–87.70.
- Policy signals also colored sentiment, with Piyush Goyal hinting at progress on an India–US trade pact and President Trump calling a deal “pretty close.”