Indian rupee nears record lows amid dollar strength

2 Nov 2025 · 07:08 ISTpre-market1 source ↓written by the desknot a recommendation

against the US: ₹88.74
US dollar: 31 Oct 2023

The Indian rupee traded at ₹88.74 against the US dollar on 31 Oct 2023, hovering near its all-time low. Despite RBI interventions, persistent dollar demand from importers and unwinding derivatives trades pressured the currency. This situation is exacerbated by the Federal Reserve's hawkish stance, favoring the dollar over riskier currencies like the rupee.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 2 Nov 2025, 07:08 IST.

Sourcesnews.google.com

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Indian rupee nears record lows amid dollar strength

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