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Rupee appreciates against dollar on Wednesday
Oct-29-2025

Indian rupee appreciated against the U.S. dollar on Wednesday supported by strong domestic markets and optimism over a potential trade deal between India and the US. Traders took support as India's industrial production growth remained steady at 4 per cent in September this year due to the good performance of the manufacturing sector buoyed by GST rationalisation and festive demand. Besides, foreign institutional investors (FIIs) were net buyers of shares worth Rs 10,339.80 crore on Tuesday. On the global front, British pound weakened against other major currencies in the European session on Wednesday, as investors expect that UK Chancellor of the Exchequer Rachel Reeves will have to make tough decisions over where to raise taxes and reduce spending in the approaching Autumn Budget.

Finally, the rupee ended at 88.22 (Provisional), appreciated by 7 paise from its previous close of 88.29 on Tuesday. The currency touched a high and low of 88.35 and 88.15 respectively. 

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