Synopsis: The rupee rebounded slightly from its all-time low, opening at 88.60 per U.S. dollar, aided by a weaker greenback overseas. However, trade uncertainties, Trump tariffs, and H-1B visa fee hikes continue to weigh on sentiment.
Rupee Movement
The Indian rupee recovered 15 paise from its record low to trade at 88.60 against the U.S. dollar in early trade on Thursday (September 25, 2025), tracking weakness in the American currency globally.
At the interbank foreign exchange market, the rupee opened at 88.65 per dollar, before firming slightly to 88.60. On Wednesday, it had closed at an all-time low of 88.75.
Factors Impacting The Rupee
According to forex traders, multiple global and domestic developments are keeping the rupee under pressure:
- H-1B visa fee hike in the U.S.
- Trump tariffs on Indian exports
- Persistent foreign fund outflows
Concerns over IT services exports amid tighter U.S. immigration rules
“USD/INR is testing key levels, with resistance at 89.00–89.20 and support at 88.40. A close below 88.20 would mark the first signal of a potential trend reversal,” said Amit Pabari, MD, CR Forex Advisors.
Global & Domestic Market Cues
- Dollar index: Down 0.13% at 97.75
- Brent crude: Down 0.36% at $69.06 per barrel
- Sensex: Down 141 points to 81,574.31
- Nifty: Down 22 points to 25,034.50
- FII data: Foreign Institutional Investors sold equities worth ?2,425.75 crore on Wednesday
Analysts say further rupee movement will depend on progress in India-U.S. trade talks and the direction of the dollar index in the coming sessions.
Disclaimer: This article is intended for informational purposes only. Currency movements are subject to market risks and investors should consult certified advisors before making forex or investment decisions.
