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Rupee appreciates against dollar on Wednesday
Oct-15-2025

Indian rupee appreciated against the U.S. dollar on Wednesday amid decline in crude oil prices and reports of RBI intervention supported the domestic currency. Sentiments were positive as International Monetary Fund (IMF) in its latest World Economic Outlook (WEO) has revised upwards India's Gross Domestic Product (GDP) growth forecast by 20 basis points (bps) to 6.6 per cent for the current fiscal (FY26) compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the impact of US tariffs on Indian shipments. Besides, Financial Services Secretary M Nagaraju stating that the public sector banks have emerged stronger and more resilient, with credit growth outperforming their private peers in the recent past. He added that this reflects the growing robustness of the banking community, with significant improvements in due diligence, credit underwriting standards, and monitoring mechanisms for project loans.

The partially convertible currency is currently trading at 88.29, stronger by 52 paise from its previous close of 88.81 on Tuesday. The currency touched a high and low of 88.74 and 87.93 respectively.

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