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The rupee revealed some healing and traded 5 paise greater at 88.64 versus the dollar in early trade on Friday(October 31, 2025), tracking lower petroleum rates and weaker American currency.
According to forex traders, the outflow of foreign funds amidst offering pressure in the equity markets avoided a sharp gain in the domestic system.
At the interbank forex, the rupee opened at 88.60 increased a little to 88.59 before trading at 88.64 versus the greenback, up 5 paise from its previous close.
On Thursday (October 30, 2025), the rupee had actually crashed 47 paise to settle at 88.69 versus the U.S. dollar after the U.S. Federal Reserve decreased rate of interest by 25 basis points, in line with expectations.
Fed Chair Jerome Powell flagged U.S. inflation remaining above the target level and unpredictabilities in the labour market, cutting hope for a more rate cut in the December policy.
The dollar index, which assesses the greenback’s strength versus a basket of 6 currencies, fell 0.02% to 99.33.
Brent crude, the international oil standard, fell 0.68% to $64.56 per barrel in futures trading. On the domestic equity market front, Sensex climbed up 192.31 points, or 0.23%, to 84,596.77 in early trade, while the Nifty acquired 42.05 points, or 0.16%, to 25,919.90.
Foreign institutional financiers offered equities worth 3,077.59 crore on Thursday (October 30, 2025), according to exchange information.