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The rupee valued 8 paise to close at 88.08 (provisionary)versus the U.S. dollar on Tuesday( September 16, 2025), tracking U.S.-India talks on the proposed trade arrangement to straighten out concerns in the wake of high Trump Tariffs.
Forex traders stated the rupee reinforced on favorable domestic markets and a weak greenback, which is trading at a two-month low ahead of the two-day FOMC conference beginning Tuesday and frustrating U.S. financial information.
At the interbank forex, the rupee opened at 88.05, then touched an intraday low of 88.16 and a high of 88.01 versus the greenback. The domestic system closed at 88.08 (provisionary), a gain of 8 paise over its previous close.
On Monday (September 15, 2025), the rupee settled 10 paise greater at 88.16 versus the U.S. dollar.
“We expect the rupee to remain strong on broad weakness in the U.S. Dollar amid disappointing economic data coming from the U.S. and weak labour market, which has raised expectations of a rate cut by the Fed,” stated Anuj Choudhary, research study expert, currency and products, Mirae Asset ShareKhan.
Mr. Choudhary even more included that markets anticipate a 25-bps rate cut and financiers will look out for the Fed Chair’s speech for additional assistance.
“A dovish commentary may lead to further decline in the greenback while a hawkish tone may lead to a pullback,” he stated.
“Traders may take cues from retail sales and industrial production data from the U.S. Investors may remain cautious ahead of the FOMC meeting decision this week. USD/INR spot price is expected to trade in a range of 87.75 to 88.30,” Mr. Choudhary stated.
The dollar index, which evaluates the greenback’s strength versus a basket of 6 currencies, fell 0.26% to 97.04.
Brent crude, the international oil standard, was trading 0.28% lower at $67.25 per barrel in futures trade.
On the domestic equity market front, the Sensex leapt 594.95 indicate settle at 82,380.69, while the Nifty rose 169.90 indicate 25,239.10.
Foreign Institutional Investors unloaded equities worth 1,268.59 crore on a net basis on Monday, according to exchange information.
The Chief arbitrators of India and the U.S. have actually begun talks on the proposed trade contract to iron out problems in the wake of high tariffs that have actually developed unpredictabilities for exporters.
Brendan Lynch, the Assistant U.S. Trade Representative for South and Central Asia, is leading the American group, while Rajesh Agrawal, Special Secretary in the Department of Commerce, is India’s primary arbitrator.