New Delhi, India :
The rupee traded nearly stable around ₹ 88.67 to the US dollar on 10-11 November 2025, despite positive global risk sentiment that helped many Asian currencies strengthen.
The key factor limiting rupee weakness is the intervention of state-run banks (on behalf of the Reserve Bank of India) supplying dollars into the market. These efforts are helping prevent a slide past the all-time low near ₹ 88.80.
Still, pressures remain: strong dollar demand from importers, net outflows of foreign portfolio investment (about US $1.5 billion in November so far) and uncertainty over U.S. tariffs on Indian goods continue to weigh.
