According to forex traders, the rupee stayed firm initially but lost grounds amid volatile domestic equity markets that also added to the trend of withdrawal by foreign institutional investors.

The rupee failed to sustained its recovery and depreciated 8 paise to close at 86.87 (provisional) against the US dollar on ...

USD/INR last at 86.69. DBS expects USD/INR to rise to 88.8 by mid-2025 on the dollar’s haven status from Trump tariffs and the Fed delaying rate cuts to 2H.