Rupee Slip! Dips 7 Paise to 89.43 Against Dollar on Crude Oil Hike and Strong Greenback
November 28, 2025
Watch out! The Indian rupee took a little tumble, slipping 7 paise to 89.43 against the U.S. dollar early on Friday, November 28, 2025. Why? A strong greenback and climbing crude oil prices from the global market made the rupee sweat. Forex experts say foreign investors also pulled their money out, keeping everyone on edge as they waited for the big GDP numbers for July-September to drop later that day.
At the interbank forex market, the rupee started the day at 89.41 but slowly slided to 89.43 versus the dollar in early trades, losing 7 paise from the last close. Just the day before, on Thursday, it had already dropped 14 paise to settle at 89.36.
The mighty dollar index, which shows how strong the greenback is against six major currencies, rose a tiny 0.04% to 99.56. Experts say this dollar strength is because importers and banks are scrambling to pay off month-end dues, making demand for dollars shoot up.
Adding fuel to the rupee's woes, Brent crude oil prices shot up by 0.41%, hitting $63.60 a barrel in futures trade. This means India’s import bill could get heavier, biting into the rupee’s value.
On a brighter note, India's stock markets showed some cheer! The Sensex jumped 91.01 points to 85,811.39 early Friday, while the Nifty climbed 18.85 points to 26,234.55. Yet, foreign institutional investors were busy selling — offloading shares worth ₹1,255.20 crore on Thursday, according to exchange data.
So, what’s next? Everyone’s eyes are glued to the upcoming GDP numbers. Will the rupee bounce back or slide even further? Stay tuned!
Read More at Thehindu →
Tags:
Rupee
Us dollar
Forex
Crude oil
Foreign Funds
Stock market
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